KBTX | Bryan & College Station, TX | Aggieland News

Former AT&T CEO to Become New GM Chairman

By: AP Email
By: AP Email


DETROIT (AP) - General Motors Corp. says the former chairman and
CEO of Dallas-based AT&T will become the chairman of the
reorganized automaker later this summer.
Sixty-seven-year-old Ed Whitacre Jr. of San Antonio,TX will replace Kent Kresa. But Kresa will remain GM's interim chairman until the
automaker emerges from bankruptcy protection as a new entity
majority owned by the U.S. government.
GM is in operating under Chapter 11 bankruptcy protection as it
seeks to reorganize and shed unwanted assets.


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