Whitacre Said to Expect CEO Search Taking Up to Year

General Motors Co. Chairman Ed Whitacre, who took over the chief executive officer job from Fritz Henderson yesterday, told employees that the search for a new CEO may take as long as a year.

Whitacre, 68, who as chief of AT&T Inc. assembled the world’s largest telecom company, said today the hunt would last as long as necessary, according to a recording of the 30-minute broadcast. The search may also be completed within months, said the people, who asked not to be identified discussing internal communications.

“We’re going to have a CEO search, and we have hired the firm already to conduct a search,” Whitacre said, without giving a name. “You’re going to ask me, ‘Well, will that take a week, or a month, or two months, or six months?’ I don’t really know. I hope that you and I can work together in the meantime.”

Read Full Article from Bloomberg

- Posted: 2009-12-02 14:32:20

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