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GENERAL MOTORS BOARD REVISES MANAGEMENT STRUCTURE

 NEW YORK, April 5 /PRNewswire/ -- The General Motors Board of Directors has expanded the duties of Executive Vice President G. Richard Wagoner Jr., to include responsibility of GM's Worldwide Purchasing activities. Mr. Wagoner will continue in his present position as chief financial officer of General Motors.
 In announcing the revised management structure, Chief Executive Officer and President John F. Smith Jr., noted that daily staff operations of the finance group will be overseen by Vice President and Group Executive Leon J. Krain. This will enable Mr. Wagoner to focus immediately on his new responsibilities with GM's worldwide purchasing organization.
 "Rick Wagoner's broad experience in both domestic and international operations," Mr. Smith said, "helped him develop creativity, drive and leadership -- attributes so critical to continuing the effort that is already producing noticeable improvements in quality, productivity and cost control within GM's global network of material and component suppliers.
 "The success of that initiative is vital to the future competitiveness of General Motors," Mr. Smith added. "Rick has a depth of knowledge in both operations and the financial side of the business. He's an enthusiastic, yet disciplined leader who knows the importance our partners place on common enterprise and long-term relationships. In his new post he'll continue as a key member of the president's council and a powerful voice on both our North American and international strategy boards."
 A Virginia native, Mr. Wagoner, 40, graduated from Duke and earned his M.B.A. from Harvard University in 1977. He joined GM's New York Treasurer's Office upon graduation and soon moved to GM do Brazil where he served as treasurer (1981) and executive director of finance (1984). In 1987 he transferred to GM of Canada, Ltd., as vice president and finance manager, and returned to the United States the following year as director of strategic business planning for the former Chevrolet- Pontiac-GM of Canada Group.
 He moved abroad again in 1989 as vice president of finance at GM Europe, and returned to Latin America in 1991 to become president and general manager of GM do Brazil. While managing the Brazilian operation, he was directly involved in implementing the process that evolved into GM's current global purchasing system.
 Mr. Wagoner joined the GM President's Council last November when he was elected executive vice president and chief financial officer of General Motors.
 -0- 4/5/93
 /CONTACT: William B. Winters of General Motors, 212-418-6380/
 (GM)


CO: General Motors Corporation ST: New York IN: AUT SU: PER

408 04-05-93 17:29 EDT WB-AH -- NY062 -- 3225 04/05/93 17:38 EDT
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Publication:PR Newswire
Date:Apr 5, 1993
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