THE GAME OF MUSICAL CHAIRS at GM looks to have stopped for the time being, with GM Chairman Ed Whitacre moving from 'interim' CEO to the full-time gig today.
Whitacre, responsible for changes that include appointing former Holden MD Mark Reuss to President of GM North America, was this week annointed as Chief Executive by the GM Board.
The new CEO endorsed GM's top management team, saying that while some middle management roles might need rearranging, he does not see a need to make any major changes.
???Everybody here is new to me,??? Mr Whitacre said at a press conference today. ???I think we're set at the top. I think we like what we see.???
???This place needs some stability,??? Mr Whitacre added. ???I guess that's me.???
With Whitacre's appointment as CEO, the 'Detroit Three' are now all lead by names new to the automotive industry. Whitacre is a former AT&T executive, Ford's Alan Mulally is ex-Boeing, and Fiat-Chrysler's Sergio Marchionne an accountant and lawyer.
At his press conference today, Whitacre affirmed GM's commitment to paying back US$8 billion in US and Canadian government loans made to the troubled carmaker's during its bankruptcy battle last year.