February 4, 2014

GM says it will lose 2 board members

From the Detroit News -
"The Detroit automaker, in a regulatory filing, said David Bonderman,71, late last month told the company he doesn’t intend to ask for re-election. GM also expects Robert D. Krebs,71, will retire from the board just before the annual meeting due to GM’s policy that requires board members retire by the age of 72. GM’s annual meeting is typically held in June, but no date this year has been announced. GM said Bonderman and Krebs joined the board in July 2009. They were appointed by the U.S. Treasury Department as part of the company’s exit from bankruptcy in 2009. The government sold its final stake in GM in December 2013."
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