SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported) August 7, 2001
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GENERAL MOTORS CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 1-143 38-0572515
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (313)-556-5000
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ITEM 5. OTHER EVENTS
On August 7, 2001, General Motors Corporation (GM) issued a news release
announcing the election of two new members to the General Motors Board of
Directors. The release is as follows:
DETROIT - General Motors Corp. Chairman John F. Smith, Jr. today announced
the election of two new members to the General Motors Board of Directors. The
two new directors are: Alan G. (A.G.) Lafley, president and chief executive
officer of Procter & Gamble Co.; and E. Stanley O'Neal, president and chief
operating officer of Merrill Lynch & Co. Inc.
The election of Lafley and O'Neal increases the membership of the GM board
to 13, 11 of whom are independent, outside directors.
"The addition of A.G. and Stan to the GM board is consistent with our
efforts to seek out exceptional business leaders," Smith said. "A.G. is well
regarded for building strong brands and franchises, and Stan's experience in
international financial markets brings added depth at a time when globalization
is offering new opportunities for growth."
O'Neal's appointment is effective immediately. Lafley's appointment is
effective in January, 2002.
Earlier this year, Dennis Weatherstone, the former chairman of J.P. Morgan
& Co., retired from the GM Board after 15 years as a director, and Vice Chairman
Harry Pearce retired from GM and left the board to accept the position of
chairman of Hughes Electronics Corp.
Lafley, 54, joined Procter & Gamble's marketing division in 1977. Before
joining P&G, Lafley served in the U.S. Navy for five years. He was elected
president and chief executive officer on June 8, 2000. He held a variety of
positions in P&G's laundry and cleaning business before being named group vice
president in 1992. In 1995, Lafley was named executive vice president with
responsibility for Asia. In 1999 he was named president for the company's North
American and Global Beauty Care divisions.
A native of Keene, NH, Lafley graduated from Hamilton College with a
bachelor's degree in history. He also holds a master's degree in business
administration from Harvard University. His local and national activities
include: past member, American Chamber of Commerce in Japan; member, Board of
Trustees, Hamilton College; member, Board of Trustees, Cincinnati Symphony
Orchestra; member, Board of Trustees, Cincinnati Institute of Fine Arts; and
member, Board of Trustees, The Seven Hills School. He is also a member of P&G's
Board of Directors.
O'Neal, 49, was named president and chief operating officer at Merrill
Lynch in July 2001. He also serves as president of the U.S. Private Client Group
and sits on the company's board of directors. O'Neal joined the firm's
investment banking group in 1986, with client responsibilities in a variety of
areas, including high yield, project finance and equity private placement.
Before assuming responsibility for the U.S. Private Client Group, O'Neal
served as executive vice president and chief financial officer.
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Prior to joining Merrill Lynch, O'Neal worked for GM, beginning his career
as a cooperative education student where he worked on an automotive assembly
line at GM's Doraville, Ga., plant. He continued his employment there while
earning a degree from Kettering University (formerly General Motors Institute).
After receiving a master's degree in business administration from Harvard
University in 1978, O'Neal joined the GM Treasurer's Office, where he served in
a series of positions in New York and Madrid, including general assistant
treasurer responsible for mergers and acquisitions and domestic financing
activities.
O'Neal is vice chairman of the Securities Industry Association and a
member of the Capital Markets Advisory Committee of the New York Stock Exchange.
O'Neal also serves as a trustee of the National Urban League, the Ronald
McDonald House of New York and The Buckley School. He also serves on an advisory
council to the Bronx Preparatory Charter School, a New York City public school
that provides a college preparatory curriculum to low-income students.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL MOTORS CORPORATION
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(Registrant)
Date August 7, 2001
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By
/s/Peter R. Bible
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(Peter R. Bible,
Chief Accounting Officer)
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