The Economic Times is the latest to report that 65-year-old GM CEO Dan Akerson could leave as early as some time next, though it has not been confirmed to the board of directors, nor has a search for his replacement begun. With that in mind, we don’t see him leaving next year.
Speculation about Akerson leaving began in April when a GM securities filing revealed his compensation plan had changed to make up for almost $2 million in vested stocks, the CEO was not awarded any stock units last year “in acknowledgement of the possibility of his retirement before the completion of the three-year vesting period,”.
North American operations head Mark Reuss is widely recognized as a possible successor to Akerson. But the board will hold off launching an official search until Akerson formally resigns, an unnamed source told ET. There’s also Tim Lee, Chairman of GM China, and current Opel Chairman Steve Girsky.
In January, when Akerson was asked when he would retire, he remarked that he would still be running the company at the same time in 2014.