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AP Sources: GM Europe CEO Forster to leave post

Associated Press

Posted on November 6, 2009 at 9:05 AM

Updated Friday, Nov 6 at 9:05 AM

DETROIT (AP) — Two people briefed on the decision say Carl-Peter Forster, the chief executive of General Motors Europe, will leave the company.

One of the people said Friday that Forster will be replaced temporarily by Nick Reilly, who is now president of GM's international operations. GM will search for a permanent new CEO of GM Europe.

The two people asked not to be identified because the decision has not been made public.

The moves come after the GM board decided this week to keep its European Opel and Vauxhall units. The board rejected a plan to sell a majority stake in Opel to a group led by Canadian auto parts maker Magna International Inc. and Russian lender Sberbank.

One of the people also says that Hans Demant will remain on as head of the Opel management board.

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