DETROIT -- Ed Whitacre is stepping down as General Motors Co. CEO on Sept. 1. He will be replaced by Daniel Akerson, who joined the GM board in July 2009 after a long career in telecommunications.
Akerson, 61, has been head of global buyouts for private equity firm The Carlyle Group since July 2009. His career was highlighted by stints as chairman and CEO of XO Communications from 1999 to 2003. He was CEO of Nextel Communications Inc. from 1996 to 1999 and also was chairman of the company's board from 1996 to 2001.
Whitacre, 68, said he would stay on as chairman until Dec. 31. When he leaves, Akerson will become chairman as well, Whitacre said during a conference call with analysts and reporters this morning.