GM's Tech Leadership In Turmoil? CTO Gil Golan Reportedly Exits Role After Just A Month

Comments
Loading...

General Motors Corp.’s GM Chief Technology OfficerGil Golan, is stepping down from his position after serving for only a month, according to reports. 

What Happened: The departure is set to take effect on Nov. 1, as revealed in an internal memo seen by “The Electric,” a publication affiliated with Steve LeVine and The Information.

Golan was promoted to CTO in mid-September from the role of GM’s Vice President of Technology Acceleration and Commercialization. 

See Also: How to Buy GM Stock: Pros, Cons & Where to Buy

As of now, his LinkedIn profile still lists him as CTO, VP of GM Global Research & Development, and President of GM Ventures. His long-standing association with GM dates back to 1999 when he participated in the GM overseas fellow program. Between 2015 and 2022, he led GM’s Technical Center in Israel.

In a recent interview with “The Electric,” Golan discussed his plans to aggressively expand GM’s work in battery technology, assemble a top-tier team of battery scientists, and establish in-house battery manufacturing capabilities.

Anirvan Coomer, the Managing Director for GM Ventures, will step in as interim CTO following Golan’s departure.

In a separate development, GM has secured a new $6 billion line of credit to address potential losses associated with the ongoing expansion of the United Auto Workers union strike. GM CFO Paul Jacobson confirmed this financial arrangement, as reported by CNBC.

In premarket trading on Thursday, GM shares fell 0.74% to $30.81, according to Benzinga Pro data.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: Best Auto Manufacturers Stocks

Overview Rating:
Promising
87.5%
Technicals Analysis
100
0100
Financials Analysis
80
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!