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General Motors Co. CEO Edward Whitacre Jr. will step down as CEO on Sept. 1 -- and a GM board member, Dan Akerson, will take over.

Akerson is a long-time senior executive at the Carlyle Group, where he is managing director and head of global buyout. He was one of the board members named by the Treasury Department after it acquired a 61 percent stake in GM.

He will be the second straight GM CEO with no executive experience in the auto industry and with a telecommunications background.




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General Motors Swaps Out Yet Another CEO: Ed Whitacare To Step Down Sept 1st

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