General Motors Co. 2011
General Motors has recorded sizeable profits since exiting bankruptcy in July 2009. The company raised $23 billion from its IPO in November 2010
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In January, General Motors CEO Dan Akerson is scheduled to be elected chairman, replacing Ed Whitacre. GM remains the No.1 car company in the United States. In 2010, for the first time it sold more vehicles in China than in America.
#01. Daniel F. Akerson
Akerson was elected CEO on Aug. 11, 2010; it became effective Sept. 1, 2010. In January, Akerson is scheduled to be named GM’s chairman. Before joining GM, Akerson was a managing director of The Carlyle Group, based in Washington, D.C. He joined the GM board of directors July 24, 2009. From 1983 to 1993, Akerson served in several key roles at MCI Communications Corp., including executive vice president, CFO, and COO. In 1993, Akerson became a general partner of private equity firm Forstmann Little & Co. and chairman and CEO of General Instrument Co., where he developed and deployed the first digital video, satellite, and cable systems domestically and internationally. Akerson served as chairman (1996-2001) and as CEO (1996-99) of Nextel Communications Inc. Akerson has a bachelor’s of science in engineering from the U.S. Naval Academy and a master’s of science in economics from the London School of Economics.
#02. Stephen J. Girsky*
Vice Chairman, Corporate Strategy and Business Development
Since March 1, 2010, Girsky has had overall responsibility for corporate strategy, business alliances, new business development, and other related areas. He has served on the General Motors board of directors since July 2009, and was senior adviser to the office of the chairman before being named vice chairman. Previously, Girsky was president of S.J. Girsky & Co., an independent advisory firm based in New York, where he worked with senior corporate and board executives, labor leaders, OEM leaders, suppliers, and dealers, as well as national and local policymakers. He also served as the lead director of Dana Holdings Corp. and as president of Centerbridge Industrial Partners, an affiliate of Centerbridge Partners LP, an investment fund with approximately $8 billion of assets under management. Girsky was special adviser to the CEO and CFO of General Motors Corp. from August 2005 to June 2006. He was also managing director at Morgan Stanley.
#03. Christopher P. Liddell*
Vice Chairman, Chief Financial Officer
A native of Mount Clemens, Risher studied at Detroit’s College for Creative Studies and the Parsons School of Design in New York, where she earned a bachelor of fine arts degree in photography. An Hour Detroit contributor for more than a dozen years, she’s currently collaborating with model Veronica Webb and former Hour Detroit staffer Matt Lee on a book featuring portraits of well-known metro Detroiters (page 23). Profits from the sale of the book will go to designated Detroit-based charities. Risher is pictured here hamming it up with Lily Tomlin at Siren Studios in Hollywood, Calif.
#04. Thomas G. Stephens*
Vice Chairman, Global Product Operations
Stephens assumed his position in April 2009, but in December 2009 he was given the added task of overseeing global purchasing. He had been executive vice president of GM’s global powertrain and global quality since March 2008, and continues to oversee GM’s global quality activity. Stephens began his GM career in 1969 as an hourly co-op employee at the Chevrolet engineering center in Warren. He progressed through numerous engineering and management positions at Cadillac, the Buick-Olds-Cadillac Group, and GM’s powertrain organization, until being named vice president and group director of engineering operations for the GM Truck Group in 1996 and group vice president, global powertrain and global quality, in 2007. In February 2007, Stephens was elected as a new member of the National Academy of Engineering for his leadership role in the development of automotive powertrains and related components. He is a graduate of the University of Michigan.
#05. Mike Arcamone
President and CEO, GM Daewoo Auto & Technology
Arcamone had been vice president of GM Powertrain Europe since July 2007. He had global development responsibility for small diesel engines, diesel controls, small gasoline engines, and manual transmissions. He also had operating responsibility for 10 manufacturing plants and five engineering locations.
#06. Jaime Ardila*
President, GM South America
Appointed July 1, 2010, Ardila oversees GM’s growing operations in Central and South America. He is also a member of GM’s Executive Committee. Ardila served as president and managing director of GM Mercosur since November 2007, and was responsible for GM operations in several South America countries.
#07. James Bovenzi
President and Managing Director, GM Russia
Since May 1, 2010, Bovenzi has been in charge of GM’s operations in Russia and the Commonwealth of Independent States. Previously, he served as vice president, global purchasing and supply chain for GM International Operations. Bovenzi began his career with GM in 1977, and has worked in the U.S. and Germany.
#08. Denise Johnson
President and Managing Director, GM do Brazil
Appointed to her new position on June 22, 2010, Johnson was most recently vice president of North America labor relations and had previously worked as the vehicle line director and vehicle chief engineer for small car segment. She joined GM in 1989 as an associate product engineer and held numerous engineering positions.
#09. Grace D. Lieblein
President and Managing Director, GM de Mexico
Lieblein began her career in 1978 as a GM co-op student in Los Angeles,
and worked at the GM Assembly Division, Oldsmobile, and at GM’s Arizona Proving Ground. In 1999, she was appointed director of engineering design for the North America Car Group. She had been a global vehicle chief engineer.
#10. Timothy E. Lee*
President, GM International Operations
Lee oversees the automaker’s Asia-Pacific, Latin America, Africa, and Middle East operations. Previously, he was responsible for global manufacturing and labor relations. Lee has served as GM North America vice president of manufacturing and GM Europe vice president of manufacturing, overseeing assembly.
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