In a press conference earlier this morning, Ed Whitacre announced that he has been permanently appointed CEO at General Motors, taking “interim” out of his title.
The GM board of directors asked Whitacre whether he would be interested in the position a few weeks ago. Whitacre said that he was extremely honored and accepted, adding “I’m gonna do it for a while.”
Whitacre, who also serves as Chairman of the board, said that this will mark the end of GM’s search for CEO. The permanently-appointed chief said that he will continue to commute from his home in Texas, but will stay in Detroit for longer periods of time.
Whitacre will stay on as CEO for an “…adequate amount of time to get done what we need to get done.” No salary details were given at this time.