Rick Wagoner

Quick Facts

Full Name	Rick Wagoner
Occupation	American Businessman
Date Of Birth	Feb 9, 1953(1953-02-09)
Age	71
Birthplace	Wilmington
Country	United States
Horoscope	Aquarius

Rick Wagoner Biography

Rick Wagoner is one of the most popular and richest American businessman who was born on February 9, 1953 in Wilmington, United States. George Richard “Rick” Wagoner Jr., born February 9, 1953, is an American businessman who was previously the chair and chief executive of General Motors. At the White House’s request, Wagoner was forced to resign as General Motors chairman and CEO on March 29, 2009. Wagoner was heavily criticised in the latter part of his tenure as General Motors CEO. The company’s market value fell by more than 90%, and Wagoner lost more than US$82 million. He was named one of 2008’s worst CEOs. He is currently a member of ChargePoint’s board.

He was named GM’s chief finance officer in 1992. In 1994, he was promoted to executive vice president and/or President of North American Operations. In 1998, he was elected president and chief operating officers.

In April 2005 Wagoner took back personal control of GM’s North American car division from GM North American chairman Bob Lutz and GM North American President Gary Cowger in light of its poor performance. In early June 2005 Wagoner announced that GM in the United States would close several plants and shed 25,000 employees (17% of GM’s U.S. workforce) by 2008. The cuts will result in GM production reducing output by one million cars and trucks (from 6 million to 5 million).

In the Automotive industry crisis of 2008–10, Wagoner came under renewed pressure as GM sought financial support from the U.S. government in an attempt to avoid bankruptcy. During the latter half of 2008, Wagoner and GM maintained that bankruptcy was “not an option that GM is considering,” despite rapidly running out of capital. This stance was called “presumptuous” by some observers. Within 9 months, GM was to declare bankruptcy.

Wagoner and Chairman John F. Smith Jr. made it clear that GM had to “back to basics” in order to overcome “30 years” of management errors that left him little room for maneuver.

Rick Wagoner Net Worth

Rick Wagoner is one of the richest American Businessman from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Rick Wagoner 's net worth $5 Million. (Last Update: December 11, 2023)

Wagoner was raised in Richmond, Virginia and was born in Wilmington. Wagoner graduated from John Randolph Tucker high school, where he was the “Best All Around” student of his graduating class. In 1975, he received a Bachelor of Arts in Economics from Duke University. After graduating from Duke University, he attended Harvard Business School where he earned an MBA in 1977. He is married with three adult children.

He graduated from Harvard and joined GM in 1981 as an analyst in its treasurer’s department. He was appointed treasurer for GM’s Brazil affiliate in 1981 and later became managing director.

Wagoner became president and chief executive officer in June 2000 and was elected chairman on May 1, 2003. Under his leadership, GM suffered more than $85 billion in losses.

Height, Weight & Body Measurements

Rick Wagoner height Not available right now. Rick weight Not Known & body measurements will update soon.

Who is Rick Wagoner Dating?

According to our records, Rick Wagoner married to Kathy Wagoner. As of December 1, 2023, Rick Wagoner’s is not dating anyone.

Relationships Record : We have no records of past relationships for Rick Wagoner. You may help us to build the dating records for Rick Wagoner!

Facts & Trivia

Rick Ranked on the list of most popular American businessman. Also ranked in the elit list of famous people born in United States. Rick Wagoner celebrates birthday on February 9 of every year.

Where is Rick Wagoner now?

Mr. Wagoner has been appointed a director at ChargePoint Inc. , a Silicon Valley company that is privately held.

Did obama fire the CEO of General Motors?

The White House confirms Wagoner is leaving at the government’s behest. The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed , a White House official said.

Who was GM CEO in 2008?

CEO Rick Wagoner received a pay package worth $14.9 million in 2008. But don’t get too angry just yet. Roughly $11.9 million of Wagoner’s compensation was in stock and options that have plummeted to $682,000 in value as GM’s shares have dropped below $2.

Who makes Wagoner?

As Rick Wagoner rides off to whatever biz-school sinecure he’s destined for, his nine years at the helm of General Motors Corp. will be evaluated in many ways and by many hands. And yet, fairly or not, auto company chief executives are best remembered for the cars produced during their tenure.

Who is the current CEO of General Motors?

Mary Barra (Jan 15, 2014–)