GM CEO takes hands-on North American role
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Manufacturing News, Source : TheManufacturer.com
Published : 04 Apr 2005 19:06
General Motors Chairman and CEO Rick Wagoner announced a series of senior leadership changes today, including his taking the helm of General Motors North America.
Vice Chairman Bob Lutz and Group Vice President Gary Cowger will focus full-time on their global responsibilities: Lutz on leading GM's global product development activities, and Cowger on global manufacturing/labor. They will relinquish their current roles at GM North America, and Wagoner will assume leadership of GMNA, while retaining his current positions.
"Given the challenges we face in North America, it makes sense for me to assume control of GMNA's day-to-day operations and shorten the lines of communication and decision-making," Wagoner said.
GM warned last month that its earnings this year would be as much as 80 percent below its previous forecast, due in part to US market share losses to foreign automakers.
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