GM's Ackerman Retires, Solso Chairman, Barra CEO, Ammann President

Mary Barra, new GM CEO

Dan Ammann, new GM President

General Motors Chairman and CEO Dan Akerson, 65, who took the roles on September 1, 2010, will step down earlier than expected, on Jan. 15, 2014, after his wife was recently diagnosed with an advanced stage of cancer.

Tim Solso, 66, the former chairman and CEO of Cummins will succeed Akerson as Chairman. He's been a member of the GM Board since June 2012.

Mary Barra, 51, with 33 years of experience at GM and currently executive vice president, Global Product Development, Purchasing and Supply Chain, will become the next CEO of the company and join the GM Board. Mark Reuss, 50, executive vice president and president, North America, will replace Barra as executive vice president, Global Product Development, Purchasing and Supply Chain. Alan Batey, 50, currently senior vice president, Global Chevrolet and U.S. Sales and Marketing, will replace Reuss and is named Executive Vice President and President, North America. Batey joined GM’s Vauxhall operation in 1979.

Dan Ammann, 41, executive vice president and chief financial officer, was named company president and will assume responsibility for managing the company’s regional operations around the world. The global Chevrolet and Cadillac brand organizations and GM Financial will also report to Ammann.

Steve Girsky, 51, vice chairman, Corporate Strategy, Business Development and Global Product Planning, will move to a senior advisor role until leaving the company in April 2014. and will remain on the GM Board of Directors.

Ackerman Announces Retriement