Thursday, August 12, 2010

Whitacre Stepping Down as GM Boss

General Motors Chief Executive Officer Ed Whitacre announced today that he will resign from his post on Sept. 1.
Whitacre, a former CEO of AT&T, has led the automaker in its successful emergence from bankruptcy protection, which it filed for last year.
Whitacre's successor at GM will be Daniel Akerson, a managing director of Carlyle Group and the head of the firm's global buyout unit.
Akerson has helped lead companies such as General Instrument, MCI, Nextel and XO Communications in his work as a private-equity official. 

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