Friday, August 13, 2010 12:11 p.m. CDT
Daniel Akerson is pictured in this 2009 handout photograph released on August 12, 2010. General Motors Co posted its biggest quarterly profit in six years on Thursday and Chief Executive Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake. Akerson, a former CEO at Nextel, will become the fourth GM chief executive in just a year and a half underscoring a continued challenge for an
WASHINGTON (Reuters) - The White House hailed GM's new CEO Dan Akerson on Friday as a proven and respected executive who can guide the company's recovery.
Spokesman Robert Gibbs said President Barack Obama was informed of Edward Whitacre's resignation and was grateful for his service.
(Reporting by Matt Spetalnick and Steve Holland, editing by Jackie Frank)
