Providers and Administrators in blue logo
MenuMENU
SearchSEARCH

GM Director Kent Kresa Likely to Leave

June 19, 2010
2 min to read


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.

Ad Loading...


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.

Ad Loading...


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

F&Iby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Lauren LawrenceFebruary 24, 2026

China Leads Battery Production

Between 2020 and 2025, gigafactory capacity grew six-fold and is set to grow another 118% by 2030, according Benchmark data.

Read More →
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →
Ad Loading...
Auto Financeby Lauren LawrenceFebruary 23, 2026

Auto Loan Forecast Bucks Market Trend

Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.

Read More →
F&Iby Hannah MitchellFebruary 23, 2026

Some Auto Brands Cheaper to Insure

A new top 10 list ranks the least expensive for average full insurance coverage on a clean driving record and high driver credit scores.

Read More →
Industryby StaffFebruary 20, 2026

Learn to Manage the Mayhem at Agent Summit

Rob Mancuso – president of Mancuso Automotive – will present a Keynote at the 2026 event.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 19, 2026

Affordability Leads Top-Rated List

Edmunds’ editorial team tested 300-plus vehicles to help determine the Top Rated Awards for 2026, and one brand stood out with multiple rankings, including Best of the Best.

Read More →
Salesby Hannah MitchellFebruary 19, 2026

Auto Sales Still Sluggish

February forecast has new-vehicle deliveries still off from last year at this time amid high prices and vanished EV incentives. But J.D. Power sees business picking up from here as automakers target growth.

Read More →
Industryby Hannah MitchellFebruary 18, 2026

EVs Bring Most Satisfaction to Date

Study finds that adopters are true believers and that their satisfaction with the vehicles is growing, including for public charger experience, despite pullback of federal incentives.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 17, 2026

Auto Manufacturing Drives Economic Growth

The sector generates over $64 billion in annual economic impact in South Carolina, making it the largest and fastest-growing manufacturing subsector in the state.

Read More →