Filed under: Hirings/Firings/Layoffs, GM
General Motors board member Kent Kresa has reached the ripe old age of 72, and as such, he is no longer eligible for re-election to the company’s controlling body.
Kresa originally came to GM after retiring from Northrop Grumman Corp. where he helped lead the aviation giant through troubled waters of its own. Kresa joined ‘old GM’ in 2003 and served on the board until the company’s bankruptcy in 2009. You might best recall that Kresa stepped into the chairman slot left vacant when former CEO Rick Wagoner left the company just prior to The General entering into Chapter 11. When ‘new GM’ formed its board, the executive was there to lend his experience in leading a company through difficult financial decisions.
Kresa was also instrumental in bringing in a wide array of new talent onto the GM board, including the company’s 13th board member, Cynthia Tulles. Don’t expect Kresa to be spending his days playing shuffleboard, though. He also serves on a number of other corporate boards, including Fluor Corp in Irving, Texas and MannKind Corp in Valencia, California. Hit the jump for the GM press release.
[Sources: General Motors, The Detroit News]
Continue reading GM board member Kresa retiring, led automaker as interim chairman last year
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