* Nick Reilly to be replaced by Opel chief Stracke
* Stracke to take over as GM Europe President on Jan. 1
* Reilly to stay on as advisor until he retires in March
FRANKFURT, Nov 7 General Motors said Nick
Reilly, the head of its European business, will retire after 37
years with the company and will be replaced by Opel chief
Stracke will take over as President of GM Europe on Jan. 1
and will remain chief executive of Opel, GM said on Monday.
Reilly , 61, will stay on as an advisor
until he retires in March.
GM once tried to spin off loss-making Opel but dropped
that plan in 2009, backtracking on months of negotiations, and
appointed Reilly to head the business, which lost $1.6 billion
"Nick Reilly has answered the call for GM at every
turn," GM Chairman and CEO Dan Akerson said in a statement.
"He returned to Europe and successfully led the
turnaround of our operations there during one of the most
tumultuous times in our company's history."
Earlier this year, GM appointed Stracke to head Opel
but kept on Reilly as head of the overall European
GM Europe, which includes U.K. sister brand Vauxhall,
expects to break even this year and show a profit in 2012.