General Motors will shake up its top European management as the long-troubled subsidiary finally claws its way back into the black.
In a significant move underscoring the role of product in the long-awaited turnaround, GM has named former chief engineer Karl-Friedrich Stracke to become president of GM Europe, succeeding Nick Reilly, who will be retiring.
If anything, the 61-year-old Brit will be sent off with honors after 37 years with GM. Reilly has served as something of a turnaround specialist at GM during the course of his long career, and has been credited with significant improvements in operations including not just Europe but the former GMDAT, the Korean subsidiary recently renamed Chevrolet.
“Nick Reilly has answered the call for GM at every turn,” said GM Chairman and CEO Dan Akerson. “He returned to Europe and successfully led the turnaround of our operations there during one of the most tumultuous times in our company’s history.”