Cadillac CEO resigns after just 13 months
May 22, 2009 by Matt Brogan
Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
Mr McNabb will leave on June 1 to pursue other job opportunities, Cadillac spokesman Klaus-Peter Martin said. In the interim, Stephen J. Hill will serve as Cadillac’s chief.
Mr Hill has been the general sales manager of GM’s premium channel since 2008. He’ll continue in that position while taking on McNabb’s responsibilities.
The channel is comprised of Hummer, Cadillac and Saab. Two months after Mr McNabb was hired, GM put Hummer up for sale as petrol prices soared. Saab was put on the market late last year as GM’s financial condition worsened.
Mr McNabb joined GM after resigning as senior vice president of sales and marketing at Nissan North America. He had spent the first 20 years of his career at the Nissan and Infiniti divisions. In late 2005, he left to become head of marketing at Mercedes-Benz USA. He became vice president of Mercedes sales before returning to Nissan in June 2007.
When Mr McNabb joined GM, Cadillac was led by Jim Taylor. In October, he was named CEO of Hummer. If GM sells Hummer, GM has said Mr Taylor would have to decide then whether or not to leave GM.
Mr Taylor was instrumental in Cadillac’s product renaissance over the four years he headed the division. Cadillac will launch two new vehicles this summer: the 2010 SRX crossover and the 2010 CTS sport wagon.
“(Mr) McNabb has led a lot of positive change here and we have a lot of product in the pipeline and so we’re well positioned for the future,” Mr Martin said. “It’s not good to lose a strong leader, but we have everything in place to move forward.”
Source: Auto News
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Some people must look back and wonder at some of their career moves.
Cat 1 PFD’s must be getting very thin on the ground aboard the good ship General Motors these days………..
poor bugger – he had the gold “power tie” and everything, but it just didnt work
He’s probably earned more than most will earn in a lifetime in this short time as CEO so I wouldn’t be feeling sorry for him.LOL
Perhaps he done a Sol Triullio and left early with an extra 30 Million in his kit.Makes my Telstra share portfolio look even sicker or should I say sucker.LOL
Agree with everyones comment here.
they call him punter
Being appointed to the position of CEO for Cadillac, Slab or Hummer is plain punishment. I’d rather be the CEO of a besser-block factory, Hmmm similarly shaped to most of GM’s products actually.