General Motors Makes Changes To Product Development Team And Creating New Role To Oversee Its Global Regions; To Streamline Organization, Allow Faster Implementation Of New Vehicle And Technology Programs And Accelerate Go-To-Market Strategies
Portfolio Pulse from Benzinga Newsdesk
General Motors has announced organizational changes to its product development team, including the creation of a new role to oversee global regions. The changes aim to streamline the organization, expedite the implementation of new vehicle and technology programs, and enhance go-to-market strategies. Ken Morris and Josh Tavel have been appointed to new leadership roles under GM President Mark Reuss. Rory Harvey will take on leadership for all global regions, while Marissa West is named senior vice president and president of GM North America. Doug Parks, the Global Product Development leader, is set to retire after a nearly 40-year tenure.
December 13, 2023 | 2:17 pm
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General Motors is restructuring its product development team to improve efficiency and accelerate the launch of new vehicles and technologies. Key leadership appointments include Ken Morris, Josh Tavel, Rory Harvey, and Marissa West. Doug Parks is retiring.
The restructuring of GM's product development team and the appointment of new leaders are strategic moves that typically signal a company's commitment to innovation and market responsiveness. This could positively influence investor sentiment and potentially lead to a short-term increase in GM's stock price as the market reacts to the potential for accelerated growth and improved efficiency.
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