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General Motors (GM Europe)

GM Announces Key Senior Management Moves

Rüsselsheim, Germany (ots)

- Fritz Henderson Named GM Vice Chairman, Chief Financial Officer
   - John Devine to Remain up to One Year as Vice Chairman
Frederick "Fritz" Henderson, chairman
of GM Europe and a GM group vice president, has been elected GM vice
chairman and chief financial officer by the GM Board of Directors,
effective Jan. 1, 2006.
Current Vice Chairman and CFO John Devine has agreed to remain
beyond his five-year contract, which expires this month, for up to
one year and will serve as vice chairman.  He will work closely with
Henderson on transitional issues, and advise Chairman and CEO Rick
Wagoner on implementing the GM North America turnaround plan and
other strategic issues.  The Board approved the moves during a
meeting today in Detroit.
Wagoner said Henderson is "an exceptionally strong fit" to succeed
Devine as CFO, given his track record of financial and business
success globally.
"GM is fortunate to have a management team with deep bench
strength," Wagoner said.  "Fritz is the right person to take on the
top finance responsibility at GM.  Fritz has a tremendous background
in finance and the auto business, having led all of GM's global
regions outside North America."
Henderson has been in charge of GM Europe since June 2004, and
previously was president of GM Asia Pacific from 2002 to 2004, and
president of GM Latin America, Africa and Mideast from 2000 to 2002. 
He also served as president and managing director of GM do Brasil
from 1997 to 2000, after holding a variety of management positions at
GM's former Delphi unit, GMAC and the GM Treasurer's Office.
Wagoner praised Devine's contributions since his arrival at GM in
December 2000.
"I want to thank John for his tireless efforts over the last five
years; he's added huge value during this time.  I asked him, and he
agreed, to stay beyond his contract to lend his expertise in
implementing our strategy to turn around our North American business.
 His relationships with global financial institutions, policymakers
and our unions have been instrumental in getting the right strategy
in place."
Henderson, 48, has an MBA from Harvard and a bachelor of science
degree in finance from the University of Michigan. An accredited
CPA, he began his GM career in 1984 at the GM Treasurer's Office.  He
then served in several positions at GMAC.  Later, in automotive
leadership roles, he instituted a solid path toward profitability at
GM LAAM and oversaw remarkable growth and profitability at GM
Asia-Pacific.  At GM Europe, he has implemented a broad restructuring
plan combining tough cost and revenue-growth actions that have the
region well on its way back to profitability and sustained growth.
Carl-Peter Forster, GM vice president and president of GME, will
continue that effort and replace Henderson as a GM group vice
president and president of GME.  Forster, who had significant
automotive experience prior to joining GM, worked closely with
Henderson on all parts of the GME turnaround plan over the past two
years.
"Carl-Peter has played a significant role in the GME turnaround
plan, both implementing the cost-reduction initiatives, as well as
the product and revenue-growth elements of the plan," Wagoner said.
Before his appointment to his current position in 2004, Forster
was chairman and managing director of Adam Opel AG since 2001. 
Before joining GM, Forster worked for 15 years at BMW AG.  He began
his career as a consultant for McKinsey & Co. in Munich in 1982.
Forster, 51, has an economics degree from Bonn University and a
degree in aviation and space technology from Munich Technical
University.
Devine, 61, retired from Ford Motor Co. as an executive vice
president and CFO in October 1999, and was chairman and chief
executive officer of Fluid Ventures LLC before he joined GM.  He had
a 32-year career at Ford and held a variety of financial and
product-development positions in the United States, the United
Kingdom, Australia and Japan.  He has an MBA from the University of
Michigan and a bachelor of science degree from Duquesne University.
General Motors Corp. (NYSE: GM), the world's largest automaker,
has been the global industry sales leader since 1931. Founded in
1908, GM today employs about 325,000 people around the world.  It has
manufacturing operations in 32 countries and its vehicles are sold in
200 countries.
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Contact:

Tom Kowaleski, Vice President
GM Global Communications
313-667-3437 (office)
313-522-6644 (mobile)
thomas.kowaleski@gm.com

Toni Simonetti
GM Financial Communications
212-418-6380 (office)
917-822-3392 (mobile)
toni.simonetti@gm.com

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