Bob Lutz To Retire May 1st
03-03-2010, 02:05 PM
#1
Bob Lutz To Retire May 1st
http://www.marketwatch.com/story/gms...k=MW_news_stmp
SAN FRANCISCO (MarketWatch) - Bob Lutz, General Motors Co.'s storied design chief-turned-marketer, will call it quits on May 1 after initially pushing back his retirement date to help the automaker overhaul its business.
"I can confidently say that the job I came here to do more than nine years ago is now complete - the team I have been fortunate to lead has far exceeded my expectations," Lutz said. "Our product lineup is as strong as it has been in GM's history.
Lutz, whose near half-century career has included stints at Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f (F 12.57, +0.35, +2.86%) , Chrysler and BMW, will follow his old boss, former CEO Fritz Henderson, out the door now that Ed Whitacre has taken the reigns.
"The influence Bob Lutz has had on GM's commitment to design, build and sell the world's best vehicles will last for years to come," Whitacre said.
Henderson last year convinced Lutz to stay on to help revive GM after its stint in bankruptcy. Lutz initially planned to retire by the end of 2009.
Both men served under former Chief Rick Wagoner, another member of the old guard who was pushed out courtesy of the U.S. government a year ago.
Lutz is credited with breathing life into a stale GM lineup thanks to cars like the Chevy Malibu and Cadillac CTS. But he's also known for not having much of a filter, whether it be throwing a barb at a competitor or denying climate change. Still, Lutz has been a driving force behind the much-anticipated Chevy Volt electric car.
Most recently, Lutz has been serving in an advisory role after Whitacre removed him from his position as head of marketing back in December.
The announcement comes one day after GM said it was shaking up its North American unit to help speed the company's restructuring.
Shawn Langlois is a reporter for MarketWatch in San Francisco.
SAN FRANCISCO (MarketWatch) - Bob Lutz, General Motors Co.'s storied design chief-turned-marketer, will call it quits on May 1 after initially pushing back his retirement date to help the automaker overhaul its business.
"I can confidently say that the job I came here to do more than nine years ago is now complete - the team I have been fortunate to lead has far exceeded my expectations," Lutz said. "Our product lineup is as strong as it has been in GM's history.
Lutz, whose near half-century career has included stints at Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f (F 12.57, +0.35, +2.86%) , Chrysler and BMW, will follow his old boss, former CEO Fritz Henderson, out the door now that Ed Whitacre has taken the reigns.
"The influence Bob Lutz has had on GM's commitment to design, build and sell the world's best vehicles will last for years to come," Whitacre said.
Henderson last year convinced Lutz to stay on to help revive GM after its stint in bankruptcy. Lutz initially planned to retire by the end of 2009.
Both men served under former Chief Rick Wagoner, another member of the old guard who was pushed out courtesy of the U.S. government a year ago.
Lutz is credited with breathing life into a stale GM lineup thanks to cars like the Chevy Malibu and Cadillac CTS. But he's also known for not having much of a filter, whether it be throwing a barb at a competitor or denying climate change. Still, Lutz has been a driving force behind the much-anticipated Chevy Volt electric car.
Most recently, Lutz has been serving in an advisory role after Whitacre removed him from his position as head of marketing back in December.
The announcement comes one day after GM said it was shaking up its North American unit to help speed the company's restructuring.
Shawn Langlois is a reporter for MarketWatch in San Francisco.
03-04-2010, 03:17 PM
#5
03-04-2010, 09:11 PM
#6
Join Date: 02-08-2010
Location: Cleveland
Posts: 4
You sound like a Limbaugh drone,you should know better. Politics and religion have no place in a light-hearted forum such as this.Look at the mess Obama inherited from the last administration.
03-04-2010, 09:12 PM
#7
