Edward Whitacre, Jr. to Become
Chairman of New GM
Edward E. Whitacre, Jr., former
chairman and CEO of AT&T Inc., will become chairman of the New
GM when the company is launched later this summer, GM's interim
Chairman Kent Kresa announced today. Kresa will continue to
serve as interim chairman until the launch.
Whitacre and Kresa, along with current
board members Philip A. Laskawy, Kathryn V. Marinello, Erroll B.
Davis, Jr., E. Neville Isdell and President and Chief Executive
Officer Frederick A. Henderson, will serve as the nucleus of the
New GM board, providing management oversight and a continuing
commitment to transparency and world-class standards of
The six other members of the current
board will most likely retire no later than the approval of the
sale of GM assets to the new entity. A selection process is
currently underway for four more directors to serve on the board
of the New GM.