Frederick "Fritz" Henderson has been named the new President of General Motors. Prior to his new role, he was vice chairman and chief financial officer for the General. And as such, he helped negotiate the recent ground-breaking contract with the UAW, engineered the sale of a 51 percent stake in GM's finance arm to Cerberus and was one of the architects of the corporation's historic $39 billion write-down. It is believed that when CEO Richard Wagoner steps down, that Henderson will be the person to be selcted to fill his shoes...
Here's Inside Line's take: GM Names Henderson Its New President
Here's my take: "Fritz" sounds more presidential than "Fred."
Here's my take: "Fritz" sounds more presidential than "Fred."
estreka says:
12:20 PM, 03/ 6/08
He's still pretty young too (relatively) at 49 years old. I was surprised to see him take over COO duties. I wrote a paper on how it can be beneficial to put an operations guy in the CFO position, but I never thought about doing it the other way around.
dannylmcdaniel says:
12:56 PM, 03/ 9/09
General Motors has a reputation of making a young man old. I hope this isn't the case with Mr. Henderson. What GM needs is a corporate culture that reflects the creativity and innovation of some of the high tech firms. I hope Fritz can develope vehicles that are sought after and just not affordable. The General Motors corporate heirarchy could use alot of under 35 men and women in product development. That will be the major factor whether they survive or not.
Danny L. McDaniel
Lafayette, Indiana
equusmaximus says:
12:23 PM, 07/10/09
I got stuck with a Chevy Cobalt last week for a 2,200 mile drive to Florida. Handled poorly, trip odometer only goes to 999 miles, I guess an extra digit was too much cost. MY drink nearly melted in the cup holder due to poor insulation under the carpet, Distance to Empty counts down your tank, but when it gets to 50 miles, it only tells you to get fuel, guess you are on your own guessing how many miles are left. What idiot designer thought this was a great idea? Air Conditioning totally inadequate for Florida temps and humidity. A TOTAL piece of junk, still marketed under improved quality....who do they think they are fooling? How do you give away 30% of your market share? By building junk, and only improving your marketing. GM STILL produces some of the worst crap on the market. If I'm going to spend $20-30k for a car, I want the best value for my expenditure, and that's not with a company like GM. GM has perfected putting lipstick on a pig.