GM has a permanent CEO: Ed Whitacre

General Motors' chairman and acting CEO Ed Whitacre will become permanent CEO, the automaker said in a press conference Monday. Whitacre also announced that GM would pay back all of its government loans, in full, by June.

GM's board of directors asked Whitacre last week if he would stay on as permanent CEO, Whitacre told reporters.

"I was both honored and pleased to accept this role," he said, "so I'm going to do it for a while."

Whitacre also promised that GM will repay all its government loans from both the United States and Canada by June.

Read Full Article from CNNMoney.com

- Posted: 2010-01-25 11:22:19

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