Fritz Henderson Steps down
Fritz Henderson is to step down as chief executive of US car giant General Motors, the firm said late on Tuesday. It is thought someone from outside GM will be brought in to replace Mr Henderson, who was appointed as chief executive by the government in March. GM chairman Ed Whitacre will act as an interim replacement. Mr Whitacre said Mr Henderson had done a “remarkable job in leading the company through an unprecedented period of challenge and change”.
The decision was made by the Board of Directors alone. The administration was not involved in the decision. Mr Whitacre added: “All involved agree that changes needed to be made.”