GM Director Kent Kresa Likely to Leave
WASHINGTON - Kent Kresa, who led General Motors as chairman during its most difficult days, isn't likely to seek re-election as a company director, The Detroit News reported.
When the Obama administration forced out GM Chairman and CEO Rick Wagoner in March 2009, it named Kresa, chairman emeritus of Northrop Grumman Corp., as interim board chairman.
Kresa, who became a GM director in 2003, turned 72 in March -- the age at which GM directors customarily don't seek re-election. Renee Rashid-Merem, a GM spokeswoman, said board members "are not typically eligible" for re-election after they turn 72.
"His status is being reviewed," she said.
GM added a 13th board member in April, naming Cynthia Telles, an associate clinical professor at the University of California at Los Angeles, to that position.
But GM said the board hadn't made any decisions about whether Teller might replace Kresa. He didn't return a message left at his California home Friday.
Kresa led the automaker's board for about three months and presided over the board's decision to file for bankruptcy protection a year ago. His tenure as chairman ended when most of the company's assets were sold to the new, post-bankruptcy General Motors Co.
As part of the management shakeup, the U.S. Treasury Department, which assumed a 61 percent stake in GM Co., named former AT&T CEO Edward Whitacre Jr. as chairman.
Kresa was one of the old GM directors who became a director at the new GM. During his tenure, Kresa helped recruit four new members of GM's board.
In a June, 2009 interview, Steve Rattner, who was President Barack Obama's auto czar, praised Kresa's service as chairman, noting that he took the job on short notice.
Kresa heads the board's investment funds committee and is a member of its audit committee.
More Industry

Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →