Corporate Governance
Based on global sales, General Motors is currently the world's no. 1 automaker. Headquartered at the Renaissance Center in Detroit, GM employs approximately 202,000 people around the world. In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.4 million.
On July 23, 2009, GM announced its new Board of Directors: Dan Akerson, David Bonderman, Robert D. Krebs, Patricia F. Russo and Ed Whitacre (GM Chairman and Interim Chief Executive Officer). Board members who are not GM employees will be paid US$200,000 annually.
Executive management:
- Daniel Akerson – Chief Executive Officer & Chairman of the Board of Directors
- Daniel Ammann – Chief Financial Officer
- Stephen J. Girsky – GM Vice Chairman, Corporate Strategy, Business Development, Global Product Planning and Global Purchasing and Supply Chain
- Mark Reuss – President, GM North America
- Stephen J. Girsky – President, GM Europe; CEO, Adam Opel AG
- Timothy E. Lee – President, GM International Operations (Asia-Pacific, Latin America, Africa, and Middle East)
- Mary Barra – Senior Vice President of Global Product Development
- Michael Milliken – Senior Vice President and General Counsel
- Cynthia J. Brinkley – Vice President, Global Human Resources
- Selim Bingol – Vice President, Global Communications
- Edward T. Welburn – Vice President of Global Design for GM
As part of the company's advertising, Ed Whitacre announced the company's 60-day money-back guarantee and repayment of $6.7 billion loan from government ahead of schedule. On August 12, 2010 GM announced that Whitacre would relinquish the CEO position effective September 1, 2010 and that of Chairman of the Board at the end of the year, to be replaced in those functions by current board member Dan Akerson. From June 2009 to March 2011, the company had three chief executive officers and three chief financial officers.
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