DETROIT – General Motors Co. (NYSE: GM) today filed the proxy statement for its 2012 annual meeting of stockholders with the U.S. Securities and Exchange Commission and announced the nomination of James J. Mulva, chairman and chief executive officer of ConocoPhillips, and Theodore M. “Tim” Solso, former chairman and chief executive officer of Cummins Inc., to its board of directors.
The new directors will stand for election at GM’s Annual Meeting of Stockholders, which will be held on Tuesday, June 12 at 9:30 a.m. (EDT) in Detroit at General Motors Global Headquarters at the Renaissance Center. Stockholders also will be asked to re-elect GM’s incumbent directors, ratify Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2012 and approve an advisory resolution on executive compensation.
“The addition of Jim and Tim to our board of directors will bring significant global experience in leading large, complex companies as well as new business perspectives to strengthen our company,” said Dan Akerson, GM chairman and chief executive officer. “Jim’s extensive experience and expertise in the energy industry and in-depth background in finance will be invaluable to GM. Tim’s background in diesel engine manufacturing and engineering, and compliance with challenging emissions regulations will allow him to contribute significantly to our global product development strategies.”
Mulva has 39 years of experience in the energy industry at ConocoPhillips and Phillips Petroleum Co. He has held various domestic and international senior management positions in finance including, Executive Vice President and Chief Financial Officer. He also oversaw mergers and acquisitions, business restructurings and negotiated joint ventures.
Mulva also serves on the board of directors of GE. He holds a bachelor’s of business administration and master’s of business administration from the University of Texas.
Solso retired from Cummins in December 2011. He held a variety of senior management positions in his 40-year career at the global manufacturing company and led Cummins through strong financial performance and stockholder returns, international growth, business restructuring and technology leadership.
Solso is also a member of the board of Ball Corp. He holds a bachelor’s of psychology from DePauw University and a master’s of business administration from Harvard University.
The election of Mulva and Solso will bring GM's board of directors to 14 members, 12 of whom are non-employee directors. For details on the GM board of directors visit the company’s corporate governance web site.
Stockholders of record as of Friday, April 13, 2012 who wish to attend the meeting must request an admission ticket by Monday, June 4, by following the instructions given in the proxy statement.
The proxy statement is available on-line at www.gm.com/proxymaterials.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.