LaNeve exits after being head of GM's sales and service since 2005. "Mark's going to join another company to pursue an interest outside the auto industry," GM CEO Fritz Henderson told Automotive News.
His departure follows one of the worst years in GM's history. For the first nine months of 2009, GM sales were down 36 percent compared to last year, and were 9 percent worse than the industry average.
GM CEO Fritz Henderson mentioned the possibility of hiring some "outside talent" to replace LaNeve. Henderson also remarked, "I do think there's a benefit to us bringing in people from the outside in all areas of our company."
"It's a sad day for the dealer body...I felt GM had its best chance with him," said John Rogin, a GM dealership owner.
LaNeve started his career at GM and held several high-level jobs at GM.He was head of the Cadillac brand for a short stint beginning in 2001. He is said to have "transformed the Cadillac brand." At age 50, LaNeve has a long road ahead of himself.
Source: Automotive News