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GM Taps Ex-AT&T CEO as Chairman

Stock quotes in this article: GMGMQ , T , XOM , BNI  

Moving quickly to restructure its board, General Motors(GMGMQ Quote) has named Edward Whitacre as its new chairman and says a half dozen current members will likely depart shortly.

Whitacre, former chairman and CEO of AT&T(T Quote), will take over when new GM is launched later this year, following a makeover in bankruptcy court.

Edward Whitacre
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