New GM Board Members Named
The United States and Canada have appointed five more members to General Motors' board of directors. Board members will receive an annual retainer of $200,000, according to a GM regulatory filing.
Representing the U.S. Treasury, which owns a 61 percent stake in GM:
Daniel F. Akerson, a managing director of the Carlyle Group
David Bonderman, co-founder of TPG Capital (formerly Texas Pacific Group)
Robert D. Krebs, head of three major U.S. railroads
Patricia F. Russo, chief executive of Alcatel-Lucent Technologies
Carol Stephenson, dean of the Richard Ivey School of Business at the University of Western Ontario, will represent the Canadian government, which owns a 12 percent stake.
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