Holden's Managing Director Steps Down

[William Maley]

William Maley

Staff Writer - CheersandGears.com

October 26, 2013

Some big news coming out of Australia this week. Holden's Managing Director, Mike Devereux announced that he would be stepping down and moving to another position at General Motors at the end of the year. Devereux's new title will be the vice president of International Operations at GM. He will be overseeing GM's operations in a 100 countries, including Australia.

“While taking on this expanded role, Mr Devereux will continue to manage the GM Holden team and GM's operations in Australia and New Zealand until the end of the year, at which time a replacement will be named. We will continue our ongoing discussions with the government,” Holden said in a statement.

Devereux's announcement comes at a difficult time for Holden as they currently in negotiations with the Australian government for financial assistance. Holden has said previously that it is committed to to manufacturing cars in Australia until at least 2022, but if get assistance from the Australian government.

Source: Drive.com.au

William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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[G. David Felt]

The writing is on the wall and the captain has seen internally that the current functional version of Holden is doomed. Off he runs to a better more secure job and I cannot blame him.

I do fee sad for those that will loose their jobs and might have a hard time reinventing themselves to do new forms of work. We have seen this here in the US when we went through our own shuttering of production plants and the forced need for training of new skills so these workers can find a job. Many are able to make the change, but some sadly fall into a new low. Wish there was a better way to make sure 100% of everyone could move onto new equal or better jobs. Yet that is what a free capitalist society is built on. Those that want to improve get better and create a better life.

Best wishes to all, I hope many of them start now to re-invent themselves and their skill set before the plant gets closed.

[Drew Dowdell]

There was a mis-configuration with the Holden forum where news articles from the front page weren't getting posted. I fixed it the other day, so now all the old articles got dumped into the Holden forum all at once.