The economic crisis has caused enormous disruption in the auto industry, but with it has come the opportunity for us to reinvent our business. We are going to do it once and do it right. The court-supervised process we are pursuing provides us with powerful tools to accelerate and complete our reinvention, as well as strong safeguards for our customers and our businessThe death of General Motors Jun 01, 2009
Today it's more probable that we would need to resort to a bankruptcy process. But there's still a possibility and an opportunity for it to be done outside of a bankruptcyGM chief says bankruptcy more likely May 11, 2009
Our first quarter results underscore the importance of executing GM's revised viability plan, which goes further and faster to lower our break-even pointGM posts $6B first quarter loss May 07, 2009
We are taking tough but necessary actions that are critical to GM's long-term viabilityGM to cut 8,000 more jobs, drop Pontiac Apr 27, 2009
We are planning to get the job done. Our preference would be to do it outside of the bankruptcy processGM could escape bankruptcy, CEO says Apr 05, 2009
Frederick Arthur "Fritz" Henderson (born November 29, 1958) was President and Chief Executive Officer of General Motors. Prior to his appointment as CEO on March 31, 2009, Henderson was the Vice President of General Motors and has been with the company since 1984. Frederick Henderson resigned as the CEO of General Motors on December 1, 2009.
He replaced Rick Wagoner as CEO of GM when Wagoner stepped down at the request of President Barack Obama in relation to the General Motors Chapter 11 reorganization after serving in that position for eight years. Henderson assumed the new position on March 31, 2009. Regarding the appointment, Wagoner said: “Having worked closely with Fritz for many years, I know that he is the ideal person to lead the company through the completion of our restructuring efforts. His knowledge of the global industry and the company are exceptional, and he has the intellect, energy, and support among GM’ers worldwide to succeed.” Henderson announced that “over the next 60 days, we will work around the clock, with all parties, to meet the aggressive requirements that have been set by the Task Force, and to make the fundamental and lasting changes necessary to reinvent GM for the long-term.”
Henderson was born in Detroit, Michigan. Henderson is a 1976 graduate of Lake Orion High School in Lake Orion, Michigan. He holds a Bachelor of Business Administration degree from the University of Michigan's Ross School of Business and a Master of Business Administration degree from Harvard Business School. During his time at Michigan, Henderson pitched for the University of Michigan Wolverines baseball team.