Frederick Henderson

Last updated
Frederick Henderson
Born
Frederick Arthur Henderson

(1958-11-29) November 29, 1958 (age 63)
Detroit, Michigan, US
Nationality American
Other namesFritz
Alma mater University of Michigan (BBA)
Harvard University (MBA)
OccupationSVP, Sunoco, Inc., Chairman, CEO SunCoke Energy
Predecessor Rick Wagoner
Successor Edward Whitacre, Jr.
Spouse(s)Karen Lucht Henderson
ChildrenSarah, Emily

Frederick Arthur "Fritz" Henderson (born November 29, 1958) was President and Chief Executive Officer of General Motors. Prior to his appointment as CEO on March 31, 2009, Henderson was the Vice President of General Motors and had been with the company since 1984. Frederick Henderson resigned as the CEO of General Motors on December 1, 2009.

Contents

He replaced Rick Wagoner as CEO of GM when Wagoner stepped down after serving in that position for eight years, at the request of President Barack Obama [1] in relation to the General Motors Chapter 11 reorganization. Henderson assumed the new position on March 31, 2009. [2]

Early life and education

Henderson was born in Detroit, Michigan. He is a 1976 graduate of Lake Orion High School in Lake Orion, Michigan.

He holds a Bachelor of Business Administration degree from the University of Michigan's Ross School of Business and a Master of Business Administration degree from Harvard Business School. During his time at Michigan, Henderson pitched for the University of Michigan Wolverines baseball team.

Career

Henderson joined General Motors in 1984. He held a number of positions with the company until 1992 when he became GMAC group vice president of finance in Detroit. From 1997 to 2000, he was GM vice president and managing director of GM do Brasil covering GM operations in Brazil, Argentina, Paraguay, and Uruguay. He was successful in introducing small, inexpensive cars such as the Celta subcompact and the Meriva microvan, both produced in Brazil. [3]

In June 2000, he was appointed group vice president and president of GM-LAAM (Latin America, Africa and Middle East) and in January 2002, he moved to Singapore as president of GM Asia Pacific where he was successful in expanding operations in Korea and China. [4] [5]

In 2004, Henderson was appointed chairman of GM Europe, based in Zurich, Switzerland, where he undertook substantial restructuring including significant reductions in jobs. [6] After becoming vice chairman and chief financial officer in January 2006, in March 2009, he became GM president and chief operating officer. [7]

On December 1, 2009, Henderson resigned from General Motors as CEO and was replaced by board Chairman Edward Whitacre, Jr., former head of AT&T Inc., who temporarily was CEO while a global search for a new permanent replacement is conducted. January 25, 2010 Ed Whitacre announces he will become the permanent CEO while keeping his current chairman of board of directors role. On February 19, 2010, GM announced that Henderson would serve as a consultant on their international operations, to be paid $59,090 per month ($709,080 per year). [8]

On September 2, 2010, Sunoco, Inc. announced that Henderson would join the company as senior vice president, and that he will lead the company's SunCoke Energy unit as chairman and CEO when it is spun off in 2011. [9]

On June 11, 2018, Adient plc announced that Henderson would replace former CEO R. Bruce McDonald as interim CEO, pending a search for a full-time replacement for McDonald. [10]

Personal life

Henderson is married to Karen Henderson and has two daughters, Sarah and Emily Henderson. [3]

Related Research Articles

<span class="mw-page-title-main">General Motors</span> American multinational automotive company

The General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years, until losing the top spot to Toyota in 2008.

Hummer Brand of trucks and SUVs (1992–2010)

Hummer is a brand of pickups and SUVs that was first marketed in 1992 when AM General began selling a civilian version of the M998 Humvee. Although discontinued in 2010, Hummer returned as a sub-brand of GMC in 2020. In 1998, General Motors (GM) purchased the brand name from AM General and marketed three vehicles: the original Hummer H1, based on the military Humvee, as well as the new H2 and H3 models that were based on smaller, civilian-market GM platforms.

Robert Stempel

Robert Carl Stempel was chairman and CEO of General Motors (GM) from August 1990 to November 1992. He joined GM in 1958 as a design engineer at Oldsmobile and was key in the development of the front-wheel drive Toronado. He was also involved with the team that created the first catalytic converter.

Bob Lutz (businessman) Swiss American automotive executive (born 1932)

Robert Anthony Lutz is a Swiss American automotive executive. He served as a top leader of all of the United States Big Three automobile manufacturers, having been in succession executive vice president of Ford Motor Company, president and then vice chairman of Chrysler Corporation, and vice chairman of General Motors.

Rick Wagoner

George Richard "Rick" Wagoner Jr. is an American businessman and former chair and chief executive officer of General Motors. Wagoner resigned as chairman and CEO at General Motors on March 29, 2009, at the request of the White House. The latter part of Wagoner's tenure as CEO of General Motors found him under heavy criticism as the market valuation of GM went down by more than 90% and the company lost more than US$82 billion. He is a board member of ChargePoint, an electric vehicle infrastructure company.

Janesville Assembly Plant Former automobile factory owned by General Motors.

Janesville Assembly Plant is a former automobile factory owned by General Motors located in Janesville, Wisconsin. Opened in 1919, it was the oldest operating GM plant when it was largely idled in December 2008, and ceased all remaining production on April 23, 2009. The demolition of the plant began in April 2018.

<span class="mw-page-title-main">Edward Whitacre Jr.</span> American businessman

Edward Earl Whitacre Jr. is the former Chairman and CEO of General Motors. He is also a former chairman of the board and chief executive officer of AT&T, previously Southwestern Bell Corporation (SBC). He served as national president of the Boy Scouts of America from 1998 to 2000. On September 1, 2010, Whitacre stepped down as CEO, and retired as chairman of the board by the end of 2010.

Daniel Akerson Former Chairman & CEO of General Motors

Daniel Francis "Dan" Akerson is the former chairman and CEO of General Motors, serving from 2010 to 2014. Akerson succeeded Edward Whitacre as CEO on September 1, 2010, and became chairman of the board on January 1, 2011. He was succeeded by General Motors CEO Mary Barra. Akerson was a managing director of The Carlyle Group and head of global buyout prior to joining General Motors. He joined the General Motors board of directors on July 24, 2009. Akerson also serves on the boards of American Express and the U.S. Naval Academy Foundation, and is now a Vice Chairman and Special Advisor to the Board of Directors for The Carlyle Group.

<span class="mw-page-title-main">Jerry York (businessman)</span> American businessman

Jerome Bailey York, commonly known as Jerry York, was an American businessman, and the chairman, president and CEO of Harwinton Capital. He was the former CFO of IBM and Chrysler, and was CEO of Micro Warehouse. He was a chief aide to Kirk Kerkorian and his Tracinda investment company. In February 2006, Kerkorian helped elect York to the board of directors of General Motors, from which he had previously resigned.

Carl-Peter Edmund Moriz Forster, is a British businessman. Forster was the group Chief Executive of Tata Motors between January 2010 and 9 September 2011.

Thomas William LaSorda, is a Canadian-American automobile industry executive who served as CEO and President of the Chrysler Group. In December 2011, he joined the board of Fisker Automotive and assumed the role of CEO until his resignation in August 2012.

Alan Mulally American businessman

Alan Roger Mulally is an American aerospace engineer and manufacturing executive.

<i>Forbes</i> list of The Worlds 100 Most Powerful Women Ranking published by Forbes magazine

Since 2004, the American business magazine Forbes compiled an annual list of the 100 most powerful women in the world. It is edited by notable Forbes journalists, including Moira Forbes, and is based on visibility and economic impact. Former German Chancellor Angela Merkel was at the top spot from 2006 to 2020, with the exception of 2010, where she was temporarily supplanted by then U.S. First Lady Michelle Obama. The top 10 each year are listed below. There were at least six Americans every year except for 2007, when there were five.

History of General Motors Aspect of history

The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible. Founded in 1908 as a holding company in Flint, Michigan, as of 2012 it employed approximately 209,000 people around the world. With global headquarters at the Renaissance Center in Detroit, Michigan, United States, General Motors manufactures cars and trucks in 35 countries. In 2008, 8.35 million GM cars and trucks were sold globally under various brands. Current auto brands are Buick, Cadillac, Chevrolet, GMC, and Wuling. Former GM automotive brands include La Salle, McLaughlin, Oakland, Oldsmobile, Opel, Pontiac, Hummer, Saab, Saturn, Vauxhall, Daewoo and Holden.

Effects of the 2008–2010 automotive industry crisis on the United States

Beginning in the later half of 2008, a global-scale recession adversely affected the economy of the United States. A combination of several years of declining automobile sales and scarce availability of credit led to a more widespread crisis in the United States auto industry in the years of 2008 and 2009.

Kent Kresa is an American businessman. Formerly, he was Chairman and CEO of Northrop Grumman, as well as Chairman of General Motors and has worked with the Defense Advanced Research Project Agency (DARPA), the Lincoln Laboratory at M.I.T, Avery Dennison, the Fluor Corporation, and the MannKind Corporation. Before being appointed as interim chairman of General Motors as a result the decisions made by President Barack Obama, Kresa served on the board.

The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, and other customer services were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing.


Gary W. Dickinson was an automotive industry executive.

Harry Wilson (businessman) Businessman

Harry J. Wilson is an American businessman, former investor and turnaround expert who has served in the U.S. Treasury Department under President Barack Obama and on the 2009 Auto Industry Task Force. Wilson filed for office on February 16, 2010, running unopposed for the Republican primary for New York State Comptroller. He was defeated by incumbent Democrat Thomas DiNapoli in the general election on November 2, 2010.

Mary Barra American businesswoman

Mary Teresa Barra is an American businesswoman who has been the chair and chief executive officer (CEO) of General Motors since January 15, 2014. She is the first female CEO of a 'Big Three' automaker. In December 2013, GM named her to succeed Daniel Akerson as CEO. Prior to being named CEO, Barra was executive vice president of global product development, purchasing, and supply chain.

References

  1. ↑ BBC: GM chief Wagoner ousted by Obama; March 30, 2009
  2. ↑ Ray Wert: Carpocalypse. Fritz Henderson To Take Job Of Interim GM CEO; from jalopnik.com; Retrieved 30 March 2009.
  3. 1 2 David Welch; Gail Edmondson; William Boston (November 15, 2004). "Toughest Job Yet For This Mr. Fixit. Stanching the red ink at GM-Europe may take Fritz Henderson quite a while". BusinessWeek . Retrieved 30 March 2009.
  4. ↑ "Frederick A. Henderson". bizjournals.com. American City Business Journals. Archived from the original on April 4, 2009. Retrieved January 4, 2022.
  5. ↑ Bill Vlasic. "Frederick A. Henderson". The New York Times. Retrieved 30 March 2009.
  6. ↑ Noelle Knox (October 12, 2004). "GM plans to slash up to 12,000 jobs in Europe". USA Today. Retrieved 30 March 2009.
  7. ↑ "Henderson, Frederick. Brief Biography". Reuters.com. Retrieved 30 March 2009.
  8. ↑ "GM names ex-CEO Henderson as adviser". gulfnews.com. Bloomberg. February 21, 2010. Retrieved January 4, 2022.
  9. ↑ "Ex-G.M. Chief to Lead Sunoco Spinoff". The New York Times. 2010-09-03.
  10. ↑ "Adient Announces Leadership Transition Plan". Adient.com (Press release). June 11, 2018. Retrieved January 4, 2022.
Business positions
Preceded by President of General Motors
2009		Vacant
Chief Executive Officer of General Motors
2009		Succeeded by
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.