Ed Whitacre Named New GM CEO

General Motors’ search for a new chief ended with a decision based on stability, as the automotive giant named interim CEO Ed Whitacre as its permanent boss on Monday. Whitacre had been serving in that position since the beginning of last month, when then-CEO Fritz Henderson was fired.

Whitacre’s hiring makes sense because he had already hired the management team that would be working underneath the CEO, including bringing in new CFO Chris Liddell from Microsoft. In addition, the pool of qualified candidates who could step in and handle running a major car company in the midst of a massive overhaul was severely limited.

While GM was wrapping up its search for a new leader, Tata Motors will be starting one to find a new head of its Jaguar Land Rover division after David Smith stepped down as CEO. Director Ravi Smith will take over on a temporary basis until a permanent replacement can be found.