GM’s Fritz Henderson abruptly resigns

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Paul Batista
Instant Wheels Editor,

General Motors’ CEO Frederick “Fritz” Henderson is done with GM. He resigned just one day before a scheduled media event at the Los Angeles Auto Show. Henderson was brought in as a replacement for Rick Wagoner, who was asked to step down by President Barack Obama.

Now Chairman Ed Whitacre Jr. has the title of interim CEO. He became a familiar name and face earlier this year when he began appearing on GM’s television advertising. (You can learn more about Whitacre by watching my video report on the right.)

The company plans an international search for a new president and chief executive.

fritzimage11.jpg Under Henderson’s leadership (pictured right) the auto company emerged from bankruptcy in 40 days, and pulled automotive legend Bob Lutz back from his GM retirement. Lutz is currently GM’s Vice Chairman.

GM has been reduced to four-core brands: Chevrolet, Cadillac, Buick and GMC.

GM is scuttling Pontiac, while Hummer is expected to be sold to a Chinese construction machinery maker.

Frederick “Fritz” Henderson was expected to deliver a keynote address to the automotive media in Los Angeles on Wednesday.

Tuesday afternoon the Los Angeles Auto Show issued the following statement:

Bob Lutz, GM Vice Chairman Marketing Communications will deliver the Motor Press Guild Keynote Address on Wednesday, December 2 at 8:30 am.

Breakfast will begin at 7:30 am.

Fritz Henderson has resigned as President and CEO of General Motors.

Filed under Uncategorized

Tuesday, December 1, 2009

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