GM Elects Former Wal-Mart Executive to Board of Directors

Schoewe brings added consumer insights and financial expertise

DETROIT – General Motors Co. today announced the election of Thomas M. Schoewe, former executive vice president and chief financial officer of Wal-Mart Stores Inc., to its board of directors.

“We’re fortunate to have Tom join GM’s board of directors.  He brings a wealth of business planning, financial experience and proven leadership, gained over more than 35 years at leading consumer-facing companies,” said Dan Akerson, GM chairman and chief executive officer.  “We’re eager to begin leveraging his expertise as we work to profitably grow GM’s business globally.”

From 2000 to 2010, Schoewe [Show-ee], 59, was responsible for accounting and controls, business planning and analysis, internal auditing, treasury and tax at Wal-Mart.  Prior to Wal-Mart, he served as senior vice president and CFO for Black & Decker Corp.  Prior to that, Schoewe was with Beatrice Companies Inc. where he was the CFO and controller of Beatrice Consumer Durables Inc.

Schoewe also serves on the boards of directors of KKR Management LLC, Northrop Grumman Corp. and PulteGroup Inc. Schoewe holds a bachelor's of business administration degree in finance from Loyola University in Chicago.

The addition of Schoewe brings GM's board of directors to 12 members, 10 of whom are non-employee directors.  For details on the GM board of directors, board committee charters and assignments or other governance information, visit the company’s corporate governance web site.

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.

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