December 1, 2009 / 10:15 PM / 9 years ago

CORRECTED - UPDATE 1-GM board fires CEO Fritz Henderson in shakeup

 (Corrects month that Henderson was named CEO of GM, paragraph
4)
 * GM board dismisses CEO Henderson
 * GM Chairman Whitacre becomes interim CEO
 * Search begins immediately for new CEO -company
 By David Bailey and Soyoung Kim
 DETROIT, Dec 1 (Reuters) - General Motors Co's [GM.UL]
board of directors fired Chief Executive Fritz Henderson on
Tuesday, saying it wanted to chart a new course as the top U.S.
automaker pushes ahead with its restructuring.
 GM Chairman Ed Whitacre will become interim chief executive
as the automaker begins the search for Henderson's
replacement.
 The ouster of Henderson, a career GM executive who became
CEO just eight months ago, came after a meeting of GM's
13-member board in Detroit.
 Henderson assumed the top job at GM in March after his
predecessor, Rick Wagoner, was forced out by the Obama
administration as part of the U.S. government-funded
restructuring of GM.
 "The board decided -- and Fritz agreed -- that given where
we are, it was time to make some changes," GM spokesman Chris
Preuss said at a hastily arranged news conference.
 (Reporting by David Bailey, writing by Kevin Krolicki; editing
by Patrick Fitzgibbons and Matthew Lewis)
 
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