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GM CEO May Step Down as Soon as Next Year, Reuters Says

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Nov. 14 (Bloomberg) -- General Motors Co. Chief Executive Officer Dan Akerson may step down from his post as soon as next year, Reuters reported, citing unidentified sources.

GM’s board is not in a hurry for Akerson to leave and an official search for his successor has not begun, Reuters said. Ulrich Weber, a spokesman at the automaker’s Opel brand, said he could not immediately comment when contacted by Bloomberg.

The U.S. automaker said in April that the compensation mix for Akerson, 65, was changed in 2012 to accommodate the possibility he may retire before his long-term restricted stock vests in three years. At least four executives, including North America President Mark Reuss and Mary Barra, head of global product development, have been mentioned as CEO contenders.

The carmaker is “very comfortable” with its succession planning, Selim Bingol, GM’s head of corporate communications, said according to Reuters.

To contact the reporter on this story: Chad Thomas in Berlin at cthomas16@bloomberg.net

To contact the editor responsible for this story: Chris Reiter at creiter2@bloomberg.net

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