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GM Losing Two Key Executives

Tech chief Stephens retiring, by Korean CEO Arcamone switches careers.

by on Jan.16, 2012

GM V.Chairman and chief tech officer Tom Stephens will retire in April, one of two key GM executives announcing their departure.

The last of General Motors’ old guard is stepping down, Chief Technology Officer Tom Stephens announcing he’ll retire in April. But the American giant is also losing the head of its strong South Korean unit, Mike Arcamone revealing he will leave the auto industry for a new career in aerospace.

The departure of GM Vice Chairman Stephens is no surprise, considering he spent 43 years with the Detroit maker.  Stephens was the only senior executive left at GM from the ranks of top managers in place prior to the company’s 2009 bankruptcy.

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The 63-year-old Stephens had served in a variety of roles since joining GM as a co-op student in 1969.  He was considered a driving force behind a variety of engineering changes at the maker, including one of GM’s first serious efforts to introduce lean manufacturing at a Cadillac engine plant in the mid-1980s.