Detroit, Michigan – Edward Whitacre, who took over as chairman and CEO of General Motors from Fritz Henderson in an interim role in December, will continue in the role permanently.

In announcing the decision, Whitacre said that the GM board is committed to paying back loans to the U.S. Treasury and Canadian and Ontario governments in full by June.

“The board of directors asked if I would be willing to stay on at GM and help continue the company’s road back to success,” Whitacre said. “Having spent the past few months learning the business, meeting with our employees, customers, suppliers and dealers, and working with the GM leadership team, I was both honoured and pleased to accept this role. This is a great company with an even greater future, and I want to be part of it.”

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