Dan Akerson speaks about the future of General Motors 0
Dan Akerson, would was recently paid £7.7 million has spoken about his future successor, saying he would prefer that person to come within the company. He said would leave the company once the “board has had enough”.
The board will decide
It is not known exactly when Mr Akerson will leave. According to comments made him in the past, he would like to stay for another two to three years. He has also stated that he should not be in charge of the decision of who take his role over, the overall board should decide.
A member from within
Mr Akerson named Mary Barra, the Product Head, Mark Reuss who is the head of operations in the United States and the current Vice Chairman Steve Girsky as people who could potentially replace him. All of them have special qualities justifying their names being recommended.
An internal member of staff taking over as the CEO has plenty of advantages. It would prove to be less of a hassle. Internal staff members would also naturally have a better understanding of the job role and the company, allowing them to settle in a lot quicker.
Don’t get too carried away
Opinions and stances could change by the time Dan Akerson decides to leave. There has not been a great amount of attention paid to this subject as Dan Akerson has not clearly indicated exactly when he is leaving.
Dan Akerson has been the Chairman and CEO of the company since 2010. When he was appointed he replaced Ed Whitacre. This caused a great deal of hassle as there was a time limit in which the company were forced to select a successor.
Focusing on the present
Dan Akerson’s immediate tasks will be that of reviving the company’s fortunes in the European region as well as getting the better of bitter American rivals, Ford.
Currently the Opel/Vauxhall brand is under scrutiny. They have contributed to a great deal of losses over the last 12 years without making any profit. It appears that despite joining forces with Peugeot/Citroen, General Motors are keen to close plants. Demand is not meeting the amount of produced cars. Over capacity is a major problem for mass car producers currently.
Ford and General Motors continue to squabble in the United States. Recently they argued over an advert broadcasted during the half time super bowl. Sales of rival cars continue to be neck and neck. Mr Akerson clearly has a lot of work to do.