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GM CEO Whitacre To Retire Sept. 1st

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General Motors acting chief executive Ed Whitacre leaves a news conference in Detroit, Michigan in this January 25, 2010 file photo.REUTERS/Rebecca Cook
General Motors acting chief executive Ed Whitacre leaves a news conference in Detroit, Michigan in this January 25, 2010 file photo.REUTERS/Rebecca Cook

General Motors said Thursday that CEO Ed Whitacre will step down from his post on September 1st.  The news came on the same day the auto maker reported a 2nd quarter profit of $1.33 billion.  Whitacre will be replaced by GM board member Daniel Akerson, the managing director and head of global buyout at the Carlyle Group.  Whitacre also serves as GM's chairman.  He'll leave that post by the end of the year.

 

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