General Motors’ Board of Directors has seen a few changes lately, with the most recent being the retirement of 71-year-old E. Neville Isdell. Isdell, who reached the board’s age policy, has been on the GM board since 2008, and was chairman and CEO of Coca-Cola from 2004 to 2008, and only chairman until his retirement in 2009.
With the retirement of Isdell, the Board announced the nomination of Joseph Jimenez to the roundtable. Jimenez, 55, works for Novartis, a Swiss-based multinational pharmaceutical company worth billions, and he’s held the title of CEO since 2010. Another top dog, to be sure.
“Joe brings a wealth of consumer insights gained from a distinguished career in the pharmaceutical and packaged goods industries, as well as a proven focus on enhancing shareholder value over time,” said GM Chairman Tim Solso. “We look forward to leveraging his expertise in product innovation and global consumer markets.”
As both Isdell and Erroll Davis Jr. are on the way out, GM’s Board of Directors will resettle at 12 members once all the voting is said and done.