GM board member to retire
General Motors Co. said Thursday that one of its board members since July 2009 will retire.
The Detroit automaker, in a regulatory filing, said Erroll B. Davis, gave notice to the company this week that he plans to retire from the board and won’t seek re-election at the company’s annual stockholders’ meeting this year.
That meeting is typically in June.
Davis, 70, a retired superintendent for Atlanta Public Schools, joined the GM board following bankruptcy and as it emerged as a new company. He also was a member of the General Motors Corp. board from 2007 to 2009.
GM says that Linda Gooden, a retired Lockheed Martin executive, joined the board last month and Davis' retirement will maintain the board at 12 members.
GM Chairman Tim Solso and GM CEO Mary Barra thanked Davis for his contributions to GM.
“We have made tremendous progress since Erroll joined the board and we owe him our deepest gratitude for his dedicated service,” Barra said in a statement. “I also appreciate his thoughtful leadership and support to me over the past year.”’
Davis, in a statement, said he believes the company is in “the hands of wonderful and capable leadership who can take the company to new heights.”