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For those keeping record, General Motors has gone through four different chief executives in a little over a year: Rick Wagoner, Fritz Henderson and now, Edward Whitacre.
"My goal in coming to General Motors was to help restore profitability, build a strong market position, and position this iconic company for success," said Whitacre. "We are clearly on that path. A strong foundation is in place and I am comfortable with the timing of my decision."