Stephen Girsky Appointed GM Vice Chairman

General Motors has just announced that Stephen J. Girsky has been appointed GM vice chairman, corporate strategy and business development but will continue to be a member of GM's board of directors. He will be in charge of corporate strategy, business alliance, new business development and other related areas, with the move to come into effect on March 1, 2010.

“Steve brings a depth of experience to this position that will serve the company well as we continue with our restructuring efforts,” said Ed Whitacre, GM chairman and CEO. “He is a trusted advisor who has made a major contribution through the company’s transition. We look forward to benefiting from Steve’s counsel and insights as we move the company forward.”

Girsky is one of those who have been linked with Obama's restructuring team to supervise GM's bankruptcy filing process. Rumored to be named the eagerly-awaited car czar, Girsky was believed to have the necessary experience to help the US-based company file for bankruptcy and emerge as a separate entity with fewer brands and able to face the economic crisis.

He will thus serve as GM vice chairman, corporate strategy and business development, to replace John F. Smith who announced his intention to retire. However, Smith will remain within the company and serve as a special advisor to Chris Liddell, GM vice chairman and CFO.

“John has had a distinguished career,” said Whitacre. “He has been instrumental in many of the company’s milestones. We thank him for his dedicated service.”