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Doubts - USA - GM Clarifies Line of Succession—But Is It the Right Guy?
Fritz Henderson returns from Europe as vice-chairman and heir apparent to CEO Rick Wagoner
DETROIT,Mich,USA -Global Auto -Dec 07, 2005: -- General Motors has promoted Frederick “Fritz” Henderson to vice-chairman and chief financial officer, establishing the 47-year-old executive as the front runner to succeed Rick Wagoner as chairman and chief executive... Henderson, like Wagoner, is not a "car guy". He is a certified public accountant with a long background in finance... He is expected to help Wagoner slash costs and shutter underused assembly plants in North America as the automaker struggles to regain profitability... What remains unsaid at GM is who might follow product czar Bob Lutz... The company has watched sales volume and market share continue to dwindle in North America, where many of its vehicles are widely seen as aging and uncompetitive...
posted by Unknown @ 4:45 PM
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