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GM MANAGEMENT CHANGES

 GM MANAGEMENT CHANGES
 DETROIT, April 6 /PRNewswire/ -- The appointment of John F. Smith


Jr., as president and chief operating officer of General Motors Corporation (NYSE: GM), effective immediately, was announced today by chairman Robert C. Stempel. In his new position, Smith will be in charge of all North American vehicle and component operations as well as GM's international operations.
 This appointment and the others described below were unanimously approved by the board of directors, upon recommendation by the chairman, at the regularly scheduled meeting of the board today. The objective is to more fully integrate GM's North American and international vehicle operations and to accelerate the return to profitability of the North American operations which has been made more difficult by the continuing slow economic recovery. Regaining profitability requires a more aggressive management approach to remove excess costs, while keeping GM's focus on customer satisfaction with the new high quality, high value vehicles. These appointments also will promote the adoption of best practices throughout the corporation, such as the operating techniques which have proven so successful for GM's international operations, as well as accelerating further improvements in quality and the elimination of redundant staffing and under-utilized capacity.
 Lloyd E. Reuss, formerly president of General Motors in charge of North American operations, has been appointed executive vice president in charge of New Vehicles and Systems. These activities include Saturn, electric vehicles, the Research and Environmental Staff, the Power Products and Defense Operations Group and Systems Engineering.
 Executive Vice President William E. Hoglund has been appointed chief financial officer. Reporting to Hoglund is Leon J. Krain who continues in his current assignment as vice president and group executive in charge of the Financial Staff.
 Robert T. O'Connell has been appointed senior vice president with responsibility for the GMAC activities (including financing, insurance and mortgage operations) and GM's Investment Management activities. O'Connell will succeed John R. Edman as chairman of GMAC upon Edman's retirement May 1, 1992.
 John G. Smale, currently a member of the GM board, has been elected chairman of the Executive Committee of the board.
 John F. Smith Jr. replaces Reuss as a member and as chairman of the North American Operations Strategy Board. The prime objective for the Strategy Board will be the regaining of profitability, as the North American operations are reorganized in line with the vision set forth by Stempel on Feb. 24, 1992.
 Under the chairmanship of Stempel, the Management Committee of the corporation will include Messrs. J.F. Smith, R.J. Schultz, W.E. Hoglund, L.E. Reuss and F.A. Smith. These five individuals and R.T. O'Connell all will report to Stempel.
 -0- 4/6/92
 /CONTACT: Jim Crellin of General Motors, 313-556-2027/
 (GM) CO: General Motors Corporation ST: Michigan IN: AUT SU: PER


KK-JG -- DE020 -- 5584 04/06/92 17:43 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
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