General Motors today announced the nomination of UAW Vice President Joe Ashton to its board of directors. The announcement came as GM filed its proxy statement for its annual stockholders meeting with the U.S. Securities and Exchange Commission, which is scheduled to take place in June.
Ashton is designated for nomination to the GM board by the UAW Retiree Medical Benefits Trust. He plans to retire from his current position as UAW president in June following the UAW Constitutional Convention in May. If elected to the board, he will begin his term in August.
Former GM vice chairman Steve Girsky was previously slated for nomination to the GM board and has served as a director since the ‘New GM’ began operations in July 2009. GM’s board nominated him to remain a director.
Both Ashton and Girsky will stand for election at GM’s Annual Meeting of Stockholders on Tuesday, June 10 at the Renaissance Center in Detroit.
“Joe brings a wealth of knowledge from his work across many industries, especially his deep understanding how labor strategy can contribute to a company’s success,” said GM Chairman Tim Solso. “Steve has 25 years of experience in the automotive sector and has served the GM board well. Because of his extensive experience with the company, his expertise will continue to be invaluable to GM.”
Comments
While this sounds bad it may not be all that bad.
By having the fox in the hen house you can hold him more accountable for the results.
If profits drop he has his DNA all over it too. Shared accountability can be a great equalizer.
This is how I get staff at work to accept changes that they all may not like. I give someone the piece of the action when we make changes and then they own part of the situation. They at that point have to support it and be part of the process. I still remain in the lead but they own it too.