COMPANY PROFILEGeneral Motors Corp. (NYSE: GM), the world's largest vehicle manufacturer, employs about 325,000 people globally. Founded in 1908, GM has been the global automotive sales leader since 1931. GM today has manufacturing operations in 32 countries and its vehicles are sold in 192 countries. In 2003, GM sold nearly 8.6 million cars and trucks, about 15 percent of the global vehicle market. GM's global headquarters are at the GM Renaissance Center in Detroit.
The GM Group of global partners includes Fiat Auto SpA of Italy, Fuji Heavy Industries Ltd., Isuzu Motors Ltd. and Suzuki Motor Corp. of Japan, which are involved in various product, powertrain and purchasing collaborations. In addition, GM is the largest shareholder in GM Daewoo Auto & Technology Co. of South Korea. GM also has technology collaborations with BMW AG of Germany and Toyota Motor Corp. of Japan, and vehicle manufacturing ventures with several automakers around the world, including Toyota, Suzuki, Shanghai Automotive Industry Corp. of China, AVTOVAZ of Russia and Renault SA of France.
GM's automotive brands are Buick, Cadillac, Chevrolet, GMC, Holden, HUMMER, Oldsmobile, Opel, Pontiac, Saab, Saturn and Vauxhall. In some countries, the GM Group distribution network also markets vehicles manufactured by GM Daewoo, Isuzu, Fuji (Subaru) and Suzuki.
GM parts and accessories are sold under the GM, GM Goodwrench and ACDelco brands through GM Service and Parts Operations. GM engines and transmissions are marketed through GM Powertrain.
GM operates one of the world's leading financial services companies, GMAC Financial Services, which offers automotive and commercial financing along with an array of mortgage and insurance products. GM's OnStar is the industry leader in vehicle safety, security and information services. GM Electro-Motive Division manufactures diesel-electric locomotives and commercial diesel engines.
In 2003, GM again set industry sales records in the United States, its largest market, for total trucks and sport utility vehicles. GM became the first manufacturer to sell more than 2.8 million trucks in a calendar year and the first to sell more than 1.3 million SUVs. GM also remained the industry leader in total sales of cars and total sales of full-size pickup trucks.
Click here for further information about GM's global operating groups and major subsidiaries.
G. Richard Wagoner, Jr.
Rick Wagoner was elected GM chairman and chief executive officer on May 1, 2003. He had been president and chief executive officer since June 2000. He is a member of the board of directors of General Motors Acceptance Corporation, a GM subsidiary.
Wagoner was elected president and chief operating officer in 1998 and had been executive vice president of GM and president of North American Operations since 1994. He served as executive vice president and chief financial officer from 1992 to 1994 and also had responsibility for worldwide purchasing from 1993 to 1994.
Wagoner was president and managing director of General Motors do Brasil (GMB) in 1991 and 1992. Prior to that, he was vice president in charge of finance for General Motors Europe based in Zurich, Switzerland, in 1989 and 1990.
Born in Wilmington, Delaware, on February 9, 1953, and raised in Richmond, Virginia, Wagoner received a bachelor's degree in economics from Duke University in 1975 and a master's degree in business administration from Harvard University in 1977.
Wagoner began his GM career as an analyst in the Treasurer's Office in New York in 1977. After several promotions there, in 1981 he became treasurer of GMB in S„o Paulo. In 1984, he became executive director of finance for GMB. He moved to GM of Canada Limited in 1987 as vice president and finance manager. In October 1988, he became group director, strategic business planning, for the former Chevrolet-Pontiac-GM of Canada Group.
Wagoner is a member of the boards of trustees of Duke University and Detroit Country Day School, the Board of Dean's Advisors of the Harvard Business School, and the Board of Directors of Catalyst. He is chairman of the Society of Automotive Engineers A World in Motion Executive Committee, and a member of The Business Council, The Business Roundtable, Detroit Renaissance Executive Committee, and the Secretary of Energy Advisory Board.
John M. Devine
John M. Devine was named vice chairman and chief financial officer of General Motors Corporation, effective January 1, 2001. He has responsibility for GM's worldwide financial operations, GM Asset Management (GMAM), and Economic Development and Enterprise Services. He is a member of the GM Automotive Strategy Board and serves as its global process leader for finance.
Devine, who was chairman and chief executive officer of Fluid Ventures, LLC, immediately prior to his GM appointment, retired from Ford Motor Company in October 1999 as that company's executive vice president and chief financial officer.
Devine's retirement from Ford capped a 32-year career with the automotive firm during which he held a variety of financial and product-development positions in the United States and overseas, including assignments in the United Kingdom, Melbourne, and Tokyo.
Born in Pittsburgh, Pennsylvania, May 13, 1944, Devine earned a bachelor of science degree from Duquesne University in 1967 and a master's degree in business administration from the University of Michigan in 1972.
Devine joined Ford in 1967 as a financial analyst and held a variety of managerial positions in product development and finance. In 1977, he moved to Ford Europe where he served in a number of finance positions before being appointed controller of product development in 1981. In 1983, he became staff director of finance for Asia-Pacific operations and, in 1986, was named vice president of Northern Pacific business development and President of Ford Motor Company-Japan. Also in 1986, Devine was elected to the board of directors of Mazda Motor Corporation. He returned to the United States in 1988 and was named controller of truck operations for Ford's North American Operations.
Devine joined First Nationwide Bank, a Ford subsidiary, in late 1988 as president and chief operating officer and was appointed chairman and chief executive officer in 1991. He returned to Ford as vice president and corporate controller in June of 1994 and later that year was named group vice president and chief financial officer of Ford Motor Company. Within a year, he was appointed executive vice president and chief financial officer. He served as Ford's principal liaison with the banking and investor communities and also had management responsibility for three business units: Hertz, Visteon, and Ford Land.
Robert A. Lutz
Robert A. Lutz was named chairman of GM North America on November 13, 2001. He continues to serve as vice chairman of product development at General Motors Corporation.
Prior to rejoining GM as vice chairman on September 1, 2001, Lutz was chairman and chief executive officer of Exide Technologies. He served as chairman until his resignation on May 17, 2002. He continues to serve as a member of Exideís board of directors.
Lutz joined Exide after a distinguished career with the former Chrysler Corporation from 1986 to 1998, where he reached the position of vice chairman. Lutz also served as president and COO, responsible for Chryslerís car and truck operations worldwide.
Lutz led all of Chryslerís automotive activities, including sales, marketing, product development, manufacturing, and procurement and supply. He began his service with Chrysler in 1986 as executive vice president and was shortly thereafter elected to the Chrysler Corporation board. His 12 years with the company are chronicled in his 1998 book, Guts: The Seven Laws of Business That Made Chrysler the Worldís Hottest Car Company. Guts was revised and updated in 2003 and retitled, Guts: 8 Laws of Business from One of the Most Innovative Business Leaders of our Time.
Before Chrysler, Lutz spent 12 years at Ford Motor Company, where his last position was executive vice president of truck operations. He also served as chairman of Ford of Europe and as executive vice president of Fordís international operations. From 1982 to 1986, Lutz was a member of Fordís board.
Lutz began his automotive career in 1963 at GM, where he held a variety of senior positions in Europe until 1970. For the next three years, he served as executive vice president of sales at BMW in Munich and as a member of that companyís board of management.
He serves as chairman of The New Common School Foundation and as a trustee of the Barbara Ann Karmanos Cancer Institute. He is also a member of the board of trustees for the U.S. Marine Corps University Foundation and vice chairman of the board of trustees for the Marine Military Academy in Harlingen, Texas.
Lutz received his bachelorís degree in production management from the University of California-Berkeley in 1961, where he earned distinction as a Phi Beta Kappa. He received a masterís degree in business administration, with highest honors, from the University of California-Berkeley in 1962. He received an honorary degree of doctor of management from Kettering University on June 21, 2003, and an honorary doctorate from Boston University in 1988.
He also served as a jet-attack aviator in the United States Marine Corps from 1954 to1965 and attained the rank of captain. Lutz was born February 12, 1932, in Zurich, Switzerland.