Fritz Henderson To Take Job Of Interim GM CEO

An Obama senior administration official explained to us on background Fritz Henderson will take the reins as interim GM CEO tomorrow once Rick Wagoner's departure is formally announced directly after President Obama's auto strategy announcement.

More about Frederick (Fritz) A. Henderson:

Fritz became GM president and chief operating officer on March 3, 2008. He had been vice chairman and chief financial officer since January 1, 2006.

Reporting to Henderson in his current position are GM's four regional presidents, as well as the global leaders for powertrain, quality, manufacturing and labor relations, and purchasing and supply chain. Henderson is a member of GM's Automotive Strategy Board and Automotive Product Board.

Born in Detroit, Michigan, on November 29, 1958, Henderson earned a bachelor of business administration degree with high distinction from the University of Michigan in 1980, with an emphasis in accounting and finance. He was a pitcher on the varsity baseball team in 1978-1979. He also received a master's degree in business administration from Harvard Business School in 1984, where he graduated as a George F. Baker Scholar.

Henderson started his career at General Motors in 1984 as a senior analyst in the Treasurer's Office in New York. After holding a variety of financial assignments, he was transferred to GMAC in 1989 as director of mortgage banking. He was promoted to several positions of increasing responsibility until becoming GMAC group vice president of finance in Detroit in 1992.

In 1994, he was appointed executive in charge of operations for the former Automotive Components Group in Pontiac, Michigan, and then became a GM vice president and general manager of Delphi Saginaw in May 1996.

From 1997 to 2000, Henderson was GM vice president and managing director of GM do Brasil with responsibilities for GM operations in Brazil, Argentina, Paraguay, and Uruguay. In June 2000, Henderson was named group vice president and president of GM Latin America, Africa and Middle East (LAAM) headquartered in Florida, and in January 2002, he moved to Singapore as president of GM Asia Pacific. In 2004, Henderson assumed responsibility for GM's European operations as GM group vice president and chairman of GM Europe, based in Zurich, Switzerland.

Prior to graduate school, Henderson was a certified public accountant, working for PriceWaterhouse in Detroit, Michigan. He received the William A. Paton Award for achieving the highest score in Michigan on the May 1980 CPA examination; he also received the Elijah Watt Sells Award for attaining one of the top 100 scores in the U.S.

Henderson serves as a member of the Board of Trustees of the Alfred P. Sloan Foundation.