Apparently facing heavy criticism from the new board of directors, General Motors CEO Fritz Henderson has resigned only eight months after being picked by the Obama administration’s auto taskforce to take over that post from Rick Wagoner. The Lansing State Journal reports:
General Motors Co. CEO Fritz Henderson has resigned, marking the loss of the company’s second chief executive this year, a source told the Free Press.
GM Chairman Ed Whitacre said in a brief statement to reporters that he will become interim CEO while a search is made for a permanent successor…
Gerald Meyers, a professor at the University of Michigan School of Business, has known Whitacre for years. Meyers described him as a demanding boss who “takes no prisoners.”
Henderson, Meyers said, “didn’t stand a chance with Ed as his boss. If it was Jesus Christ, he would have bowled him over.”
Automotive News reports that Henderson was asked to step down by the GM board of directors. There have been many clashes between Henderson and Whitacre, including over the sale of Opel — a deal negotiated by Henderson and killed by Whitacre and the board a few weeks ago.
Whitacre was formerly the head of AT & T.