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Former GM Chairman Wagoner Resurfaces

New board posts puts him on automotive periphery.

by on Aug.05, 2010

He's back...sort of. Ousted GM Chairman Rick Wagoner resurfaces.

Former GM chairman G. Richard Wagoner has avoided the spotlight since he was fired by President Barack Obama’s automotive task force, but now appears ready to launch a second career, serving as a director on various corporate and educational boards.

His newest appointment lets Wagoner put at least one foot back into the auto industry.  Aleris International, Inc. says the 57-year-old Wagoner has been elected to its Board of Directors and to the Board of Directors of Aleris Holding Company, its parent.  In turn, Aleris Holding Company is majority owned by Oaktree Capital Management, a private equity firm.

“We are extremely pleased to welcome Rick to the Aleris board,” said Steven J. Demetriou, Aleris chairman and chief executive officer.  “He brings a wealth of expertise that will be invaluable to Aleris as we continue to strengthen our company and grow.”

A former college basketball star, the former GM chairman also serves his alma mater as vice chair of the Board of Trustees of Duke University and a member of the Board of Dean’s Advisors of the Harvard Business School, Duke’s Fuqua School of Business Advisory Board and the Detroit Country Day School Board.


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And despite his occasional tiffs with the media, Qagoner also was recently elected director of The troubled Washington Post Company and sits on the Mayor of Shanghai’s International Business Leaders Advisory Council.