Opel seeks CEO as Lutz chairs board

Nov 7th, 2009 - Freep

Related content:

In a leadership shakeup of its European division, Bob Lutz is being made chairman of Opel's supervisory board while the automaker looks for a new Opel CEO.

Following GM's decision this week to keep its Opel division, the company announced Friday that Carl-Peter Forster, the head of Opel, is leaving his position and will help advise GM as it looks for a new chief.

GM said it is immediately conducting an external search for the new leader and will consult with representatives of the European Employees Forum.

Read the whole story on Freep or try our Toolbar

blog comments powered by Disqus

REFILE-UPDATE 1-Opel unions see autonomy as condition to talks
Nov 8th, 2009 - Reuters
(Corrects typographical error in headline, deletes bulletpoint) * GM must demonstrate cooperation, not confrontation -labour * Must offer same degree of freedom as Magna did -labour (Rewrites...
Magna's Wolf says Opel needs more independence: report
Nov 8th, 2009 - Reuters
FRANKFURT (Reuters) - European carmaker Opel needs to be able to operate with more freedom from its U.S. parent General Motors GM.UL, a top executive at spurned suitor Magna (MGa.
GM to stick to Opel cuts plan: future chairman
Nov 8th, 2009 - Reuters
ZURICH (Reuters) - General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it...
GM: Forster To Leave Co; External Search For New Europe CEO
Nov 6th, 2009 - CNNMoney
FRANKFURT -(Dow Jones)- General Motors Co. on Friday confirmed that Carl-PeterForster will be leaving his post as group vice president and president of itsOpel Europe operations.
Magna shares race higher on earnings, Opel fallout
Nov 6th, 2009 - CNNMoney
* Shares end up 14.2 pct in Toronto, 13.1 pct in New York * UBS, BMO, Citigroup and CIBC up share-price targets * Company renews focus on auto parts * Shares up over 25 percent since Opel deal terminated (Adds details...