That’s Frederick A. Henderson to you. Known simply as “Fritz”, Henderson has been with General Motors since 1984 and today (March 31, 2009) he will become the CEO of the struggling U.S. automaker. Fritz will be replacing Rick Wagoner who was asked to step down by the Obama administration over the weekend as a condition for General Motors to receive additional federal loans.
Obama reminded us yesterday that Wagoner wasn’t asked to step due to his failure to lead.
“This is not meant as a condemnation of Mr. Wagoner, who has devoted his life to this company; rather, it’s a recognition that it will take a new vision and new direction to create the GM of the future,” Obama said in his speech.
Back to Fritz. Son of a Buick sales manager, Fritz holds a Master of Business Administration degree from...
Read Article