DETROIT - General Motors today announced that Nick Reilly, president of GM Europe, has elected to retire in March 2012. His 37-year GM career included senior leadership positions in Asia, Europe and Latin America.
Karl Stracke will succeed Reilly as president of GM Europe, effective Jan. 1, 2012. Stracke will continue as CEO of Opel/Vauxhall and will join the GM Executive Operations Committee immediately. Reilly will remain a member of the GM Executive Operations Committee until his retirement.
Reilly, 61, was the first president and chief executive officer of GM Daewoo Auto and Technology in Korea when it was founded in 2002. He moved on to spearhead GM’s growth in Asia Pacific and Latin America and has led GM Europe’s restructuring since December 2009.
“Nick Reilly has answered the call for GM at every turn,” said GM Chairman and CEO Dan Akerson. “He returned to Europe and successfully led the turnaround of our operations there during one of the most tumultuous times in our company’s history.”
Stracke, 55, returned to his native Germany in March 2011 to lead Opel/Vauxhall, accelerating the company’s restructuring and helping it achieve a modest profit ahead of plan. He was previously the vice president of GM Global Vehicle Engineering, based in Detroit.
Reilly will continue in an advisory role until his retirement in March 2012.
“Karl Stracke has tremendous product experience and a proven track record of teamwork across organizations,” Akerson said. “His results-driven style will build on the great work he and Nick started to position Opel/Vauxhall and GM Europe for sustainable and profitable growth.”
Results at Opel/Vauxhall and GM Europe are key to GM’s success. The team’s technological expertise, award-winning product line-up and upcoming launches of the Zafira Tourer, Astra GTC, Ampera and Combo contribute to the company’s reputation and bottom line.
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.