Fritz Henderson

Frederick "Fritz" Henderson is the Chief Executive Officer at General Motors. He was previously the Chief Operating Officer at General Motors, but was asked to take over the position as CEO after President Obama's administration asked former CEO Rick Wagoner to step down, saying it would withhold federal bailout money if Wagoner did not do so.WSJ.com: U.S. Forces Out GM CEO Wagoner (March 30, 2009) Henderson has been at GM since 1984.General Motors: Senior Leadership: Frederick (Fritz) Henderson

Henderson will take over as CEO of GM after The White House asked former CEO Rick Wagoner to step down. Wagoner was asked to resign because the White House said he was unable to create a plan to save GM, a company which is financially troubled and is avoiding bankruptcy by surviving on federal loans. Wagoner's resignation took effect on March 29, 2009.Bloomberg: GM’s Wagoner Steps Aside After Failing Obama Scrutiny (March 29, 2009) Wagoner released a statement on March 30, 2009, in which he said that he had been asked to step down and that Henderson is "an excellent choice to be the next CEO."Washington Free Press: Statements from Wagoner, GM board (March 29, 2009)