“Bob Lutz was already a legendary automotive product guy when he rejoined GM in 2001,” Wagoner said, “and he’s added to that by leading the creation of a string of award-winning vehicles for GM during his time here. His 46 years of experience in the global automotive business have been invaluable to us. I’ve personally learned a great deal from Bob and have very much enjoyed the time we’ve worked together,” Wagoner added. “I’m looking forward to Bob’s continued contributions to GM for the remainder of 2009 – and I know the impact of his efforts leading GM global product development will continue for years to come.
Wagoner also announced that Thomas G. Stephens will take over Vice Chairman – Global Product Development, reporting to President and Chief Operating Officer Fritz Henderson. Stephens, 60, is currently Executive Vice President, Global Powertrain and Global Quality. In this new assignment, Stephens will maintain his responsibility for overseeing GM’s global quality activity.
Prior to working at Ford, Bob Lutz served as Executive Vice President of sales at BMW for three years, and he takes some credit in the development of the BMW 3-Series. He is one of few senior automotive executives with experience in both hemispheres and more than one major manufacturer. He joined BMW after eight years with GM in Europe. When Lutz became chairman of GM North American development in 2001 one of the first things he stated was that his new 500 hp car was going to save General Motors. His full compensation in 2008 is estimated at $6.9 million.
Google News