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Posts Tagged ‘gm management shake-up’

More Shake-Ups at GM

Heads of HR, PR exit as stock falls, investor concerns mount.

by on Apr.14, 2014

New GM HR Director John Quattrone.

Several key executives have handed in their resignations at General Motors. Both the maker’s PR and HR chiefs are off to “pursue other interests,” according to a GM statement, but the moves come at a critical time for the maker as it struggles to do damage control in the wake of an ongoing scandal over its handling of an ignition switch recall linked to at least 13 deaths.

The departures come at a time when GM CEO Mary Barra has had to put two veteran engineers on paid leave for their apparent role in handling a safety issue that the company reportedly knew about for at least a decade.

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Facing investigations by both houses of Congress, the Justice Department and the National Highway Traffic Safety Administration, as well as a number of lawsuits over the ignition switch recall, some observers question whether there could be further departures, with CEO Mary Barra’s own tenure hinging on how she manages the recall crisis.


GM’s Exec Revolving Door Continues to Spin

Southeast Asian chief is latest to be broomed.

by on Jul.11, 2013

GM's outgoing Southeast Asian chief Martin Apfel with the Chevrolet Miray concept vehicle.

Another experienced executive has elected to quit a senior post with General Motors’ vital overseas operations in a sensitive and fast growing emerging market where GM has been pressing to gain market share.

Martin Apfel, president of GM South East Asia Operations, GM Thailand and Chevrolet Sales Thailand, has elected to leave General Motors, effective July 31, to “pursue other interests”. A permanent replacement will be announced at a later date.

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Apfel is the latest in a growing line of senior GM executives, a large share of them working abroad, who have tendered resignations in recent months – or been shown the door.  It’s unclear why so many are exiting at this point, even as GM’s overseas sales gain momentum, but CEO Dan Akerson has made a point of saying that the company will hold its managers more accountable for their work than in decades past.


Levin Opposes Lifting Salary Caps for New GM CEO

Congressman also opposes legislation that would force GM, Chrysler to restore fired dealers.

by on Dec.07, 2009

Michigan Congressman Sander Levin opposes lifting pay caps to attract a new General Motors CEO.

Michigan Congressman Sander Levin opposes lifting pay caps to attract a new General Motors CEO.

The search for a new CEO to replace ousted General Motors Chief Executive Fritz Henderson could be seriously complicated by the federal pay cap on companies that have received a government bailout.

As things stand, a new CEO would be limited to less than $1 million in hard cash.  While that might be a big lure to the average American, it’s a pittance in the corporate world, especially among Fortune 500 companies, industry analysts warn.  But there seems little likelihood that the cap would be lifted, contends influential Democratic lawmaker Sander Levin.

“I doubt if there would be a change to the pay cap,” the Michigan congressman tells, even though critics point to the millions of dollars Ford Motor Co. shelled out to attract former Boeing executive Alan Mulally, to sign on as its CEO.

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Cong. Levin says he believes that, “There are other ways to compensate executives, including stock.  More and more, we want people compensated for performance.  GM should be able to attract someone within the pay cap and if they succeed, they will be compensated adequately.  If they fail, they won’t.”