Detroit, Michigan – Edward Whitacre Jr., the former chairman and CEO of communications company AT&T, will become chairman of the New GM when the company is launched later this summer.
The announcement was made by GM interim chairman Kent Kresa, who will continue to serve in the position until the launch. Whitacre and Kresa will serve as the nucleus of the New GM board, along with current board members Philip Laskawy, Kathryn Marinello, Erroll Davis Jr., E. Neville Isdell and Frederick Henderson, currently GM’s president and CEO.
The six other members of the current board are expected to retire no later than the approval of the sale of GM assets to the new entity. A selection process is currently underway for four more directors to serve on the board of the New GM. In addition, the Canadian government and the new United Auto Workers Union (UAW) Voluntary Employee Benefit Association will each nominate one new director, for a total of 13 New GM directors.
The 67-year-old Whitacre was chairman and CEO of AT&T and its predecessor companies from 1990 to 2007. During his tenure, which began with Southwestern Bell, he led the company through a series of mergers and acquisitions to create the country’s largest provider of local, long distance and wireless services. He serves on the board of ExxonMobil Corporation and the Burlington Northern Santa Fe Corporation, and holds a degree in industrial engineering from Texas Technological University.