US: GM director likely to retire – report

Media reports have begun circulating that GM director Kent Kresa, who served as interim chairman during the company’s bankruptcy, will retire. Bloomberg, citing unidentified individuals with knowledge of the matter, said Kresa, 72, would not stand for re-election. Detroit News notes that GM directors generally do not seek re-election after It’s time to log in … Continued

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• June 21, 2010