Ed Whitacre to Stay on as General Motors CEO, Edmunds.com Comments

Ed Whitacre to Stay on as General Motors CEO, Edmunds.com Comments


FOR IMMEDIATE RELEASE

Ed Whitacre to Stay on as General Motors CEO, Edmunds.com Comments

SANTA MONICA, Calif. — January 25, 2010 — General Motors Chairman Ed Whitacre has announced that he will stay on as permanent CEO of the company.

"His biggest challenge will be to break GM's silo thinking, and he is off to a good start," commented Edmunds.com CEO Jeremy Anwyl, who has watched the industry closely for nearly 30 years. "Whitacre has proven himself to be a strong leader and fast learner. As he reviews the business, he's grilling people on why they do things that they do, the way they do as only an outsider can."

"I think keeping Whitacre in this role is a good plan. The last thing GM needs right now is its fourth CEO in less than a year. More than anything, GM needs stability — stability in leadership, stability in direction — so that it can sell cars, boost market share, make money, get its financial house in order and go public again," commented Edmunds.com Senior Analyst Michelle Krebs, who analyzed the situation in more detail for AutoObserver.com at http://www.autoobserver.com/2010/01/gms-whitacre-stays-on-as-ceo-to-create-stability.html.

Some Edmunds.com spokespeople are available for interviews in Edmunds.com's television studio in its Santa Monica, Calif. headquarters and in its Detroit-area satellite office.

About Edmunds (http://www.edmunds.com/about/)Edmunds publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Inside Line is the most-read automotive enthusiast Web site. CarSpace is an automotive social networking Web site. AutoObserver.com provides insightful automotive industry commentary and analysis. Edmunds is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit. Follow Edmunds.com on Twitter @edmunds and fan Edmunds.com on Facebook at http://www.facebook.com/edmunds.

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