Once again, the music has stopped in the game of musical chairs at General Motors troubled European operations and this time it’s Karl-Friedrich Stracke, GME President and CEO of Opel/Vauxhall who was left without a seat.
The long-time German engineer, who took the European post only last November, is the latest victim in a worsening crisis that will now test GM Vice Chairman Steve Girsky. A long-time Wall Street auto analyst-cum-automotive-executive, Girsky has been chairing the Opel Supervisory Board and will now take over as GM Europe’s interim chief while the search begins for a new boss.
“Karl Stracke worked tirelessly, under great pressure, to stabilize this business and we look forward to building on his success. We appreciate Karl’s many contributions to GM’s success,” Akerson said.