Erroll Davis, Kathryn Marinello now GM directors
by: iverpenn
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General Motors Corp. Chairman and Chief
Executive Officer Rick Wagoner has announced
last June 5 that Erroll B. Davis, Jr. and Kathryn V. Marinello are to become
new GM directors and that the current members of the board were also reelected. As a
result, there would be 13 board members wherein 12 of whom are independent,
outside directors.
Davis studied at Carnegie Mellon University
where he earned a degree in Bachelor of Science in Electrical Engineering. A
chancellor of the University System of Georgia, he was then a chairman and
chief executive officer of Alliant Energy Corporation. At Xerox Corporation and
Ford Motor Company, he has also held corporate finance posts. He is also of
service to the boards of BP plc, PPG Industries, Inc. and Union Pacific
Corporation. He also serves on the boards of trustees of the University of Chicago
and of Carnegie Mellon University.
Furthermore, he was elected to the board of directors of the U.S. Olympic
Committee in 2004 and chairs the committee on audit.
On the other hand, Marinello is a Bachelor's
Degree holder in Liberal Arts from the State University of New York at Albany. She finished her
MBA from Hofstra University. Marinello is the president
and chief executive officer of Ceridian Corporation. Before, she was the
president and chief executive officer GE Capital’s Consumer Financial Services
business and then held the same posts in the GE Fleet Services. Her posts at
the First Data Corporation, U.S. Bank Card Services, Chemical Bank, Citibank
and Barclays prove her great experience in financial services, marketing and
operations. A member of the Business Roundtable, she is of service to the
boards of directors of the Greater Twin Cities United Way and the Minnesota
Business Partnership.
Wagoner said that they were extremely glad to
have Davis and Marinello in the Board of Directors of the Detroit auto maker. He was optimistic that
the two added strength would bring valuable insights based on their
considerable business experiences.
George Fisher, the presiding director and chairman of the board’s Directors and
Corporate Governance Committee said that their company is looking forward to
working with the two new directors on vital issues that hold back the company
to reach consistent growth.
The two new directors will serve on the Public
Policy and Investment Funds Committees. Director Armando M. Codina’s movement
from the Investment Funds Committee to the Directors and Corporate Governance
Committee will take effect immediately.
About General Motors Corporation
Also known as GM or GMC, General Motors Corporation is the 2nd
(after Toyota)
largest car company based on sales revenue as of 2007. Maker of quality cars
and their parts, GMC
has around 284,000 employees all over the world.
It was founded in 1908, in Flint,
Michigan and has global headquarters located
at the Renaissance Center in Detroit,
Michigan, USA.
In Zurich,
Switzerland is
their European headquarters. This
American car maker produces its trucks and cars in 33 countries.
GM cars and trucks are sold
under Buick, Cadillac, Chevrolet, Daewoo, GMC, Holden, Hummer, Opel, Pontiac,
Saab, Saturn and Vauxhall brands.
GM Parts like GMC grille and
accessories are known in the market under GM Performance Parts, GM Goodwrench
and ACDelco brands through GM Service and Parts Operations that supplies GM
dealerships and distributors all over the world. The United States is GM's largest
national market. This is followed by China,
Canada, the United Kingdom, and Germany.
GM is the number 1 automaker
when it comes to Strategic Vision's Total Quality Index (TQI).
About the Author
Iver Penn is a Mass Communications graduate who hails from Wyoming. She is at present an associate editor of a publishing company in Colorado.
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