At least, this is what some sources close to the matter told Autonews. It appears that General Motors is searching for a new CEO inside the company, as the board plans to replace Whitacre in a few years.
Ed Whitacre was appointed GM CEO when Fritz Henderson decided to leave the company after only eight months in this role. He worked as "interim" CEO while the automaker was searching for an outside person to run the company.
“The board of directors asked if I would be willing to stay on at GM and help continue the company’s road back to success,” Whitacre said. “Having spent the past few months learning the business, meeting with our employees, customers, suppliers and dealers, and working with the GM leadership team, I was both honored and pleased to accept this role. This is a great company with an even greater future, and I want to be part of it."
Theoretically, the new CEO must bring GM in global auto world's elite and, more importantly, he must help the company pay back its debts to the US government.
“We’ve made significant progress in the past couple of months, so much so that I can confirm with certainty that we will pay back in full the U.S. Treasury and Canadian and Ontario government loans by June,” Whitacre said. “This represents a significant milestone in our journey back to being a profitable and viable company.”
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