At Extreme Investor Network, we are constantly looking for the latest breaking news in the business world to bring you unique insights and valuable information that you won’t find anywhere else. Today, we are highlighting the recent announcement from General Motors’ Cruise autonomous vehicle unit, which has named former Amazon and Microsoft executive Marc Whitten as its new CEO.
Whitten’s impressive background includes being a founding engineer at Microsoft’s Xbox before venturing into roles at Sonos, Amazon, and Unity’s Create. His appointment comes at a pivotal time for Cruise as they navigate through testing and relaunching their autonomous vehicles on public roadways following a recent accident in San Francisco.
As GM CEO and Chair Mary Barra stated, “Marc is a proven technology and business leader with extensive experience in scaling products and building ecosystems around them.” His leadership skills will be crucial in aligning Cruise’s vision of creating technology that benefits society with their current challenges.
Additionally, Cruise has resumed supervised driving in various cities, including Phoenix, Houston, and Dallas, as they strive to expand and become a revenue-generating business for GM. With investors such as Honda Motor, Microsoft, T. Rowe Price, and Walmart on board, Cruise is a key player in GM’s ambitious plan to double revenue to $280 billion by the end of the decade.
In conjunction with Whitten’s appointment, other executive changes within GM include Nick Mulholland becoming Cruise’s new chief marketing and communications officer, and Craig Glidden transitioning to president and chief administrative officer. These strategic moves aim to bolster Cruise’s leadership team and position them for success in the evolving autonomous vehicle market.
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