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The talent pool deepens.


It was just a few months ago that the rumor mills were buzzing in Detroit about about the fate of General Motors Chairman Rick Wagoner George Richard "Rick" Wagoner, Jr. (b. February 9 1953, Wilmington, Delaware) is Chairman and Chief Executive Officer of General Motors.

Wagoner grew up in Richmond, Virginia and graduated from John Randolph Tucker High School there.
 as Carlos Ghosn was collaborating with investor Kirk Kerkorian Kerkor "Kirk" Kerkorian (Armenian: Քըրք Քըրքորյան) (born June 6, 1917) is an American billionaire, and president/CEO of Tracinda Corporation, his private holding  on the possibility of Renault/Nissan buying a stake in the world's largest automaker. It's funny how quickly fates change. It appears that others should have been worried about their positions on the pedestals of power. In the past few months, a number of high-caliber auto executive have been sent packing: Helmut Panke Helmut G.W. Panke is a current member of the board of directors at Microsoft.

Dr. Panke is a former Chairman of BMW AG, resigning in August 2006. He also serves on the board of UBS AG.
 of BMW BMW
 in full Bayerische Motoren Werke AG

German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s.
, Jean-Martin Folz Jean-Martin Folz (born January 11 1947, in Strasbourg, France) is a French businessman. He was the chairman and CEO of PSA Peugeot Citroën from 1997 to 2007.  of PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce.  and, most recently, Bernd Pischetsrieder Dr.-Ing. e.h Bernd Pischetsrieder is an automobile engineer and manager. He was born on February 15, 1948, in Munich, Germany and studied Mechanical Engineering at the Technical University of Munich from 1968 to 1972.  of Volkswagen. These changes, and the announcement by Fiat Auto Chairman Sergio Marchionne that he will move over to head parent company Fiat Group, could be a harbinger of more changes in the executive suites. Imagine the power that is now sitting on the sidelines On the sidelines

An investor who decides not to invest due to market uncertainty.


on the sidelines

Of or relating to investors who, having assessed the market, have decided to avoid committing their funds.
. Panke would make a great addition to any luxury marque, including a revived Aston Martin, while Folz has proven skills at turning around troubled businesses.

But the biggest opportunity rests inside Volkswagen, which has proven yet again that even though Ferdinand Piech left the helm years ago, he still wields the power. Remember a few months ago when Piech said Pischetsrieder was D.O.A.? Even though VW's board extended Pischetsrieder's contract, that meant squat. Pischetsrieder's experience with BMW and Volkswagen would make him an ideal candidate to lead just about any automaker, since he has experience running both high-end luxury and mass-market brands. Could this be Alan Mulally's opportunity to bring in new thinking when it comes to meeting his goal of forming one global Ford product development team? After all, Pischetsrieder was a key player in the VW plan to reduce platforms and boost component sharing across a myriad of brands and vehicles.

While the Pischetsrieder news may be the buzz, the story brings another key player into focus: Wolfgang Bernhard. Everyone knows this man's lineage in the industry: he helped revive Chrysler, but was cut off at the knees when he tried to bring radical thinking to the restructuring of Mercedes. He moved over to Volkswagen and was expected to become the heir apparent heir apparent n. the person who is expected to receive a share of the estate of a family member if he/she lives longer, or is not specifically disinherited by will. (See: heir)  after Pischetsrieder's contract ran out in 2012. Not anymore. You've got to wonder whether Bernhard will be relegated to the same fate as his now former boss, or whether he will continue to stick with Germany's number-one player. Hopefully the big bosses of the biz aren't waiting to see what VW decides and are taking proactive steps to court him. My money is on Dieter Zetsche, Bernhard's former mentor, making the move that causes him to return to his first home in the industry. Whether Zetsche convinces him to take back control of Chrysler, which may be in need of another sweeping of the executive floor, or gives him the keys to the Mercedes brand, Zetsche needs to get Bernhard back. If he were brought back into Chrysler, it may be seen as a familiar face coming back to right the ship, as opposed to hiring outsiders who would be less graciously accepted upon their arrival. The Mercedes helm would be ideal, but there may still be a few open wounds that would need to be nursed.

The other members of the new auto executive leadership bench provide a rare opportunity for Ford, especially since Alan Mulally has said publicly he wants to appoint a global head of product planning and manufacturing. Maybe the product job would be ideal for Panke to take on a temporary basis? It would be unorthodox, but worth considering as BMW has solidified its place as a leader in product and process, albeit for a more luxury level price point. This is one of those rare moments where those in the know may be looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 some fresh opportunities.

By Kevin M. Kelly, Senior Editor, kkelly@autofieldguide.com
COPYRIGHT 2006 Gardner Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:INSIDER
Author:Kelly, Kevin M.
Publication:Automotive Design & Production
Date:Dec 1, 2006
Words:643
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