Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Wagoner, Former GM Chief, Elected to Aleris Board

Rick Wagoner, former chief executive officer of General Motors Corp., speaks during an interview in his office in Detroit, March 19, 2009. Photographer: Fabrizio Costantini/Bloomberg News
Rick Wagoner, former chief executive officer of General Motors Corp., speaks during an interview in his office in Detroit, March 19, 2009. Photographer: Fabrizio Costantini/Bloomberg News

Aug. 5 (Bloomberg) -- Rick Wagoner, the former General Motors Corp. chief executive officer, was elected to the board of aluminum recycler Aleris Holding Co.

Closely held Aleris, which is controlled by Oaktree Capital Management LP, recycles aluminum and makes products for the construction, packaging, electrical and transportation industries.

“He brings a wealth of expertise that will be invaluable to Aleris as we continue to strengthen our company and grow,” Steven Demetriou, chief executive officer of Beachwood, Ohio-based Aleris, said in a statement.

Wagoner, 57, was forced out at GM after U.S. President Barack Obama’s auto task force decided he was unable to craft a plan to save the automaker he ran for more than eight years. He officially retired in August 2009 after 32 years at the company.

GM lost $82 billion during Wagoner’s last four years in charge and ceded its title as the world’s top-selling automaker to Toyota Motor Corp.

Wagoner was elected to the Washington Post Co. board in June.

To contact the reporter on this story: Theo Keith in Southfield, Michigan at tkeith6@bloomberg.net.

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.