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GENERAL MOTORS ANNOUNCES MANAGEMENT CHANGES

 GENERAL MOTORS ANNOUNCES MANAGEMENT CHANGES
 NEW YORK, Nov. 2 /PRNewswire/ -- The General Motors (NYSE: GM) Board


of Directors today unanimously elected John F. Smith, Jr., chief executive officer and president with full responsibility for running the Corporation.
 Mr. Smith will now be responsible for all GM operations worldwide, including the automotive, automotive components, financial and information services, and defense and electronic sectors.
 "I've been given these new responsibilities," Mr. Smith said, "based on the Board's endorsement of a specific plan to return GM, and particularly North American Operations, to profitability and strength. We started in April of this year to execute this plan, but much remains to be done."
 The Board also announced the election of John G. Smale, retired chairman and CEO of Procter & Gamble, and a GM director since 1982, as non-executive chairman of the GM Board of Directors. Mr. Smale will lead the Board in carrying out its responsibilities to the Corporation, as well as to its stockholders.
 Mr. Smith said Robert C. Stempel, whose resignation as chairman and chief executive officer was accepted by the Board, has agreed to serve as a special advisor to him in areas of technical leadership and engineering. Mr. Stempel will retire under provisions of the GM retirement plan.
 "Bob enjoys immense respect from the GM team, and his technical and managerial experience will not be lost to us," Mr. Smith said. "That will be invaluable."
 In addition, three senior officers have elected to retire, effective immediately, under provisions of the General Motors retirement program. They are Robert J. Schultz, 62, a director and vice chairman with responsibilities for GM Hughes Electronics Corporation (GMHE), Electronic Data Systems Corporation (EDS), and the Corporate Information Management activity; Lloyd E. Reuss, 56, executive vice president in charge of New Vehicles and Systems; and F. Alan Smith, 61, executive vice president in charge of the Corporate Support Group.
 Mr. Smith said the Board also approved a number of new corporate officers and organizational changes:
 William E. Hoglund, currently an executive vice president, has been
 elected to the GM Board of Directors. He will also head a new
 Corporate Affairs & Staff Support Group. Mr. Hoglund, 58, had been
 chief financial officer. In his new position, he will assist
 Mr. Smith in managing North American Operations (NAO). Mr. Hoglund
 will be responsible for corporate and NAO support staffs and will
 join the NAO Strategy Board.
 Louis R. Hughes, was elected executive vice president, International
 Operations, and continues as president of General Motors Europe.
 Mr. Hughes, 43, will be based in Zurich, Switzerland.
 G. Richard Wagoner, Jr., was elected executive vice president and
 chief financial officer. Mr. Wagoner, 39, had been managing
 director for GM do Brasil.
 Harry J. Pearce, was elected executive vice president of GM and
 chairman of GM Hughes Electronics Corporation (GMHE). Mr. Pearce,
 50, will continue as general counsel. He will also be responsible
 for GM's Industry-Government Relations Staff, Environmental
 Activities Staff, and Electronic Data Systems Corporation (EDS).
 These four officers will join Mr. Smith as members of the reconstituted GM Management Committee.
 Other management changes included:
 Richard M. Donnelly, 49, vice president and general manager of the
 GM Powertrain Division, was appointed a group executive.
 David J. Herman was elected a corporate vice president.
 Mr. Herman, 46, is managing director of Adam Opel.
 Peter H. Hanenberger, who is a vice president of GM Europe in charge
 of design, product and manufacturing engineering, was elected a
 corporate vice president. Mr. Hanenberger is 50.
 Charles E. Golden, treasurer of GM, was elected a corporate vice
 president. Mr. Golden is 46.
 Gary W. Dickinson, currently a vice president and group executive,
 will now have GM's Industry-Government Relations and Environmental
 Activities staffs reporting to him. Mr. Dickinson, 54, will report
 to Mr. Pearce.
 In other organizational changes, Mr. Smith said Saturn Corporation will remain an independent car company. However, on the marketing side it will coordinate with J. Michael Losh, vice president and group executive in charge of North American Sales and Marketing, and Saturn engineering and manufacturing functions will be coordinated with E. Michael Mutchler, vice president and group executive in charge of North American Passenger Car Platforms.
 Electric Vehicles, and Ronald H. Haas, vice president of Quality and Reliability, will report to Mr. Mutchler. Research Staff will report to Arvin F. Mueller, vice president and general manager of Engineering and Design Operations. Systems Engineering will report to Donald L. Runkle, vice president in charge of engineering support activities. Allison Gas Turbine Division and Electro-Motive Division, both of which are for sale, will report to Mr. Hoglund.
 Mr. Smith said that as a result of the corporate management changes, "We will be leaner and more integrated at the top of the corporation."
 Mr. Smale said that Mr. Smith and the rest of the GM management team "have the enthusiastic and unqualified support" of the Board of Directors in carrying out their plan for GM to succeed.
 "We are confident this new team is the right leadership to take the reins at this critical juncture, and we are convinced GM is moving into a new era of excellence," Mr. Smale said.
 Mr. Smith noted that eight years ago GM of Europe was in a similar situation as North America relative to profitability.
 "We acted decisively and now GM Europe is the most profitable automotive company on the continent," he said. "GM now holds number two in share in Europe, compared with sixth place just a few years ago. The fact that we are borrowing several of the strategies proven in Europe is no coincidence. The job will be tougher in North America."
 The composition and responsibilities of the NAO Strategy Board remain essentially unchanged.
 "It has worked better than I had expected. Members of the Strategy Board deserve a lot of credit for quickly assessing the situation in North America, and developing a plan of action," Mr. Smith said. "The Board of Directors and I have every confidence that this plan will return NAO to profitability."
 -0- 11/2/92
 /CONTACT: Bill Winters of General Motors, 212-418-6380/
 (GM) CO: General Motors Corporation ST: Michigan IN: AUT SU: PER


ML -- DE016 -- 1639 11/02/92 13:10 EST
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Publication:PR Newswire
Date:Nov 2, 1992
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