General Motors announced that the Chief Executive Officer of Cruise, Dan Ammann, is leaving the company for “other opportunities”, but did not give a reason for his departure.
Dan Ammann’s career timeline:
- Since 2004, Ammann has served as the Managing Director and Head of Industrial Investment Banking of Morgan Stanley. During his tenure at Morgan Stanley, Ammann worked closely with clients in technology, services, and manufacturing, and he was the Chief Adviser for General Motors’ bankruptcy restructuring;
- After the General Motors bankruptcy restructuring, Ammann joined General Motors in 2010 as Chief Financial Officer and became the company’s Chief Financial Officer in 2011;
- Since 2014, Ammann has served as President of General Motors.
Ammann led General Motors’ acquisition of Cruise and officially became the Chief Executive Officer of Cruise in January 2019.
General Motors stated that Kyle Vogt, the President and Chief Technology Officer of Cruise, will temporarily serve as Chief Executive Officer after Ammann’s departure.
During Ammann’s tenure, he released a series of commercial plans. By 2030, the number of Cruise’s fleet is expected to exceed one million vehicles. Cruise has been testing autonomous vehicles in California for several years, and the plan was to start charging for operations next year, pending final approval from the state of California.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.