With the recent state of the economy all we have heard is the overshadowing echo of layoffs not giving much room for the word “retirement”. Bob Lutz, General Motors Vice Chairman, will be taking on a new role as of April 1st leading up to his retirement at the end of 2009.
For 46 years Bob Lutz has worked in the automotive industry which consisted of working for all of the Big 3 (GM, Chrysler and Ford) and BMW. Lutz is known for many head turners including the latest development of the Chevy Volt. Even with Chrysler he led the development of the Plymouth Prowler and Dodge Viper.
Bob Lutz will be replaced by Thomas G. Stephens who will report to President and COO Fritz Henderson. Lutz will carry out his year reporting directly to CEO Rick Wagoner.
With the change in the economy it would only be realistic to start expecting more people just like BMW’s outgoing Chris Bangle and Bob Lutz leave the automotive industry.