Tags: GM | Marketing | Chief | resign

GM: Former Marketing Chief Didn’t Meet Company Expectations

Monday, 30 Jul 2012 10:19 AM

General Motors Co. Chief Marketing Officer Joel Ewanick resigned because he didn’t “meet the company’s expectations of an employee,” according to an e-mailed statement by the automaker.

Greg Martin, a GM spokesman, declined to comment further tonight. GM senior managers, who had been happy with the marketing executive’s work, requested Ewanick resign after reviewing a sponsorship agreement that failed to meet company policies, said a person familiar with the departure, who requested not to be identified discussing a personnel matter.

“It has been a privilege & honor to work with the GM Team and to be a small part of Detroit’s turnaround,” Ewanick said in a post on Twitter. “I wish everyone at GM all the best.” Ewanick didn’t immediately return e-mail and telephone messages. Pat Morrissey, a GM spokesman for Ewanick, didn’t make him available for comment.

The loss of the marketing chief complicates Chief Executive Dan Akerson’s efforts to stem U.S. market share losses at the Detroit -based automaker and end deficits in Europe that have totaled $16.4 billion since 1999. Ewanick is departing as a resurgent Toyota Motor Corp. is poised to reclaim the title of world’s largest automaker from GM.

Ewanick resigned effectively immediately, GM said in a earlier e-mailed statement today. Alan Batey, vice president of U.S. sales and service, will assume the post on an interim basis, according to the statement.

Under Ewanick, 52, the automaker decided in May to end advertising on Facebook Inc. after a regular spending review. GM began discussions about resuming ads on the social-network website, two people familiar with the talks said earlier this month. Ewanick also decided not to advertise during the National Football League’s Super Bowl championship game next year on CBS.

Toyota Surges

GM spent $10 million on paid ads on Facebook last year, a person familiar with the spending has said. That’s a fraction of the about $1.8 billion GM spent in 2011 on advertising in the U.S., according to Kantar Media.

The first-half U.S. market share for GM, the largest U.S. automaker, fell to 18.1 percent from 19.9 percent a year earlier, according to researcher Autodata Corp.

GM in 2011 regained the title of the world’s largest automaker by sales after natural disasters in Asia curtailed Toyota’s production of vehicles and parts. Toyota surpassed GM in worldwide sales in 2008.

Toyota’s worldwide sales surged 34 percent in 2012’s first half to 4.97 million, ahead of GM’s 4.67 million, putting the Toyota City, Japan-based automaker on pace to regain the top spot.

European Changes

The change in the marketing post comes after Akerson this month also removed Karl-Friedrich Stracke as head of European operations.

GM installed Vice Chairman Steve Girsky as interim president of GM Europe. Stracke, the man he replaced, remains with GM and will perform “special assignments” and report to Akerson, GM said in a statement earlier this month.

Thomas Sedran, a consultant who joined the company’s Ruesselsheim, Germany-based Opel unit in April, was named deputy chief executive officer. Sedran is leading Opel until a permanent chief is found. The automaker’s losses in Europe have totaled $16.4 billion since 1999.

GM plunged 40 percent since its November 2010 initial public offering through July 27. GM reorganized under a U.S.- backed bankruptcy in 2009 and the U.S. still holds a 32 percent stake.


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Monday, 30 Jul 2012 10:19 AM
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