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    Home»Markets»Stocks»GM’s long-time product development chief set to retire By Reuters
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    GM’s long-time product development chief set to retire By Reuters

    Press RoomBy Press RoomDecember 13, 2023No Comments2 Mins Read
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    GM's long-time product development chief set to retire
    © Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo

    (Reuters) – General Motors (NYSE:) said on Wednesday Doug Parks, who leads the automaker’s global product development team, would retire after nearly four decades with the company during which he played a key role in its electrification strategy.

    During his tenure, Parks has overseen teams that are responsible for developing GM’s EV architecture and the engineering group behind its self-driving unit, Cruise.

    GM also named Ken Morris, currently vice president, global vehicle and propulsion teams; and Josh Tavel, currently global VP of customer care and aftersales, to new leadership roles in its product development team, which will now be under its president, Mark Reuss.

    The changes are effective Jan. 2 and come at a time when GM has been struggling to launch its next-generation EVs amid lower-than-expected demand and deals with a crisis at Cruise.

    GM CEO Mary Barra had previously said she was “disappointed” with EV production this year due to difficulties with battery module assembly.

    “We’ve spent years preparing GM to transition to an all-electric future, and Doug’s leadership has been pivotal,” Barra said in a statement on Wednesday.

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