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On March 29, 2009, Wagoner agreed to immediately resign his position as GM chairman and CEO, as part of the Obama administration deal to provide GM with further short-term financing. The following day, the US government rejected GM's initial restructuring plan and gave the company 60 days to come with a new proposal or be forced into bankruptcy.
GM Chairman and CEO Rick Wagoner was also forced to resign. [25] GM bondholders rejected the government's first offer, but the unions agreed to the preferential terms. [ 26 ] A bondholder debt to equity counteroffer was ignored.
The company confirmed Sunday night it had accepted Vogt resignation. GM had already moved to take greater control over the unit, last week naming GM General Counsel Craig Glidden as co-president ...
Frederick Arthur "Fritz" Henderson (born November 29, 1958) was president and chief executive officer of General Motors. Prior to his appointment as CEO on March 31, 2009, Henderson was the Vice President of General Motors and had been with the company since 1984. Frederick Henderson resigned as the CEO of General Motors on December 1, 2009.
Vogt’s resignation comes roughly two years after he was reappointed as CEO, following an unexpected departure by Dan Ammann, a former GM executive, in December 2021.
General Motors’ tumultuous 2023 rolls on with another big departure and setback.Kyle Vogt, CEO of GM’s Cruise autonomous driving division, announced he was resigning from his role and leaving ...
On November 19, CEO Kyle Vogt announced his resignation from Cruise in the wake of the suspension. [9] GM appointed Mo Elshenawy, Cruise’s executive vice president of engineering, and Craig Glidden, GM's General Counsel, as co-presidents.
-The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet. Vogt, 38 ...