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White House hails new GM CEO Akerson

Daniel Akerson is pictured in this 2009 handout photograph released on August 12, 2010. General Motors Co posted its biggest quarterly profit in six years on Thursday and Chief Executive Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake. Akerson, a former CEO at Nextel, will become the fourth GM chief executive in just a year and a half underscoring a continued challenge for an automaker analysts see as still in the early stages of a turnaround REUTERS/GM/Handout

Daniel Akerson is pictured in this 2009 handout photograph released on August 12, 2010. General Motors Co posted its biggest quarterly profit in six years on Thursday and Chief Executive Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake. Akerson, a former CEO at Nextel, will become the fourth GM chief executive in just a year and a half underscoring a continued challenge for an automaker analysts see as still in the early stages of a turnaround

Credit: Reuters/GM/Handout

WASHINGTON | Fri Aug 13, 2010 1:11pm EDT

WASHINGTON (Reuters) - The White House hailed GM's new CEO Dan Akerson on Friday as a proven and respected executive who can guide the company's recovery.

Spokesman Robert Gibbs said President Barack Obama was informed of Edward Whitacre's resignation and was grateful for his service.

(Reporting by Matt Spetalnick and Steve Holland, editing by Jackie Frank)
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We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (4)
mheld45 wrote:
I am growing very tired of hearing what the President thinks about managerial matters at American companies.
Please…Vote Libertarian

Aug 13, 2010 1:32pm EDT  --  Report as abuse
cynicalme wrote:
@mheld45 — Count me in, and as well as many more millions of voters. Absolutely agree — enough is enough!

Aug 13, 2010 1:58pm EDT  --  Report as abuse
Trooth wrote:
We need a third party, Libertarian platform can appeal to fiscal conservatives/social liberals, which covers me. I looked at the constitutionalist party and they are too tied to the religious right for my tastes. I wish Ron Paul would switch already, but I fear any third party would come at the cost of Republican votes because Democrats seem entirely to ignorant to pay attention to the shortfalls of their own party. Absolutely no way I would consider the Tea Party as my own. See the problems with the constitutionalist party…

Aug 13, 2010 5:16pm EDT  --  Report as abuse
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