GM Vice Chairman Lutz to Retire May 1. Again.
General Motors vice chairman Bob Lutz will retire from the automaker effective May 1, CNBC has learned.
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Source: GM Vice Chairman Lutz to Retire May 1. Again.
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Lutz, 78, had been serving as a senior adviser to GM Chairman and Chief Executive Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. GM did not issue any statements or comments regarding Lutz. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001. Lutz had also been a senior executive at Chrysler, Ford Motor and BMW. The announcement comes a day after GM shook up its sales and marketing operations in its home market for the third time in five months. |
Source: GM Vice Chairman Lutz to Retire May 1. Again.
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