Thursday, June 29th, CEO and Chairman Dan Akerson received the 2012 “International Executive of the Year Award”.
The Executives’ Club of Chicago cited Akerson’s “leadership in helping to guide General Motors’ recovery and its strength in both U.S. and global markets.”
Dan Akerson joined the ranks of Bill Gates and Oracle CEO Larry Ellison, for achieving numerous milestones, including a record annual profit, rapid expansion in China, and also the biggest initial public offering in U.S. history. GM managed to quickly recover from the government-backed bankruptcy in 2009, but still has a long road ahead and a lot of work to be done until full recovery.
“We had a good year, not a great year – all be it we posted the highest profits in the history of the company, there’s many opportunities and challenges before us,” he told reporters before the meeting. “We intend to attack them over the coming months and years.”
Akerson declared that the crippling European industry concerns him, especially when GM lost $700 million in Europe in 2011 and $256 million during the first quarter of 2012.