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Monday Business | THE STATE / AUTOS

GM Europe Executive Resigns Over Strategy

October 26, 1998|Bloomberg News

One of General Motors Corp.'s top European executives quit because of disagreements with GM about how the car maker is being run, just days after reports surfaced that the chief executive of Adam Opel is being abruptly recalled to the U.S. GM said in a prepared statement that Hans Wilhelm Gaeb, the vice president of GM Europe and chairman of Opel's supervisory board, was resigning. Gaeb, 62, stepped down "due to differing perceptions of the company's business strategy," GM said. Earlier, the German magazine Der Spiegel reported Opel Chief Executive Gary Cowger was being transferred back to the U.S. after just four months on the job. Opel has scheduled an extraordinary supervisory board meeting today. GM hadn't confirmed Cowger's departure.

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