Updated from 2:33 a.m. EDTRick Wagoner is stepping down from General Motors ( GM), after having served at the company for three decades. The chairman and CEO of the troubled U.S. automaker is stepping down immediately, the company confirmed early Monday. GM said in a statement that Fritz Henderson, GM's president and chief operating officer, will serve as CEO. Henderson, 50, was named to his current position in 2008. He was previously vice chairman and chief financial officer. Kent Kresa, former chairman of Northrop Grumman, has been named interim non-executive chairman of the board. Kresa became a GM director in 2003. Reports over the weekend from the Associated Press and other media reported that Wagoner's resignation comes at the request of the White House. Wagoner confirmed the reports in a statement: "On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I 'step aside' as CEO of GM, and so I have." In a major management shake-up, new directors will make up the majority of GM's board, the automaker said. "The board has recognized for some time that the company's restructuring will likely cause a significant change in the stockholders of the company and create the need for new directors with additional skills and experience," Kresa said in a written statement. The news comes as the administration is preparing to unveil Monday its plan for providing additional aid to the auto industry. The White House is expected to ask GM and Chrysler LLC to undergo significant restructuring in exchange for additional government loans. Speaking in an interview on CBS' "Face the Nation" broadcast Sunday, President Obama said automakers need to do more to qualify for additional help. "They're not there yet," he said. Obama also said, "We think we can have a successful U.S. auto industry. But it's got to be one that's realistically designed to weather this storm and to emerge at the other end much more lean, mean, and competitive than it currently is." Two people familiar with the plan said Sunday that the Obama administration would give GM enough government aid to restructure over the next 60 days, while Chrysler will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat. The officials spoke on condition of anonymity because they were not authorized to make details public.