General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson :
March 30th, 2009
General Motors chairman and CEO Rick Wagoner has agreed to “step aside” after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He’s been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.
In a statement, Wagoner said he agreed to leave after meeting with the Obama administration Read more…