Rick Wagoner

G. Richard Wagoner, Jr. (born February 9, 1953) is Chairman and Chief Executive Officer of General Motors.

Related Topics:
February 9 - 1953 - Chairman - Chief Executive Officer - General Motors

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Rick Wagoner was born in Wilmington, Delaware, and grew up in Richmond, Virginia. He received a bachelor's degree in economics from Duke University in 1975 and an MBA from Harvard Business School in 1977.

Related Topics:
Wilmington, Delaware - Richmond, Virginia - Economics - Duke University - MBA - Harvard Business School

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After Harvard, he joined GM as an analyst in the treasurer's office. In 1981 he became treasurer of GM's Brazil subsidiary and later served as managing director. In 1992 he was named GM's chief financial officer. He became president and chief executive officer in June 2000 and was elected chairman on May 1, 2003.

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In April 2005 Wagoner took personal control of GM's North American car division in light of its poor performance.

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In early June 2005 Wagoner announced that GM in the United States would close several plants and shed 25,000 employees (17% of GM's U.S. workforce) by 2008.

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The cuts will result in GM production reducing output from six million cars and trucks a year to five million. The announcement was widely criticised by union and civic leaders who's constituency is dependant on auto jobs.

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Wagoner is a member of the boards of trustees of Duke University and Detroit Country Day School, the Board of Dean's Advisors of the Harvard Business School, and the Board of Directors of Catalyst. He is a member of The Business Council, The Business Roundtable, Detroit Renaissance Executive Committee, and the Secretary of Energy Advisory Board.

Related Topics:
Duke University - Detroit Country Day School - Harvard Business School

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