The Wall Street Journal is reporting former AT&T CEO Edward Whitacre Jr. will take over ailing automaker General Motors later this summer after the company emerges from bankruptcy protection. Current GM interim Chairman Kent Kresa will remain at his post until later this summer.
Whitacre, 67, led AT&T and its predecessor companies through a series of mergers and acquisitions, including SBC's acquisition of AT&T in 2005, which created the nation’s largest provider of local, long distance and wireless services. He was with the carrier and its predecessor companies from 1990 to 2007. He currently serves on the board of Exxon Mobil and Burlington Northern Santa Fe, reports CNBC.
- See this WSJ article
Former AT&T chief joins ExxonMobile board
$60 million for Whitacre in 2006