GM's Steve Girsky, key adviser to CEOs, to retire from board

DETROIT, April 22 (Reuters) - Steve Girsky, the one-time
Wall Street analyst who was instrumental in the emergence of
General Motors Co (NYSE:GM) GM.N from bankruptcy and the restructuring
of the company after a 2009 government bailout, is retiring from
the company's board of directors, GM said on Friday.
Girsky, 53, will not seek re-election to the GM board when
the company holds its annual meeting in June, GM said in a
statement.
"Steve brought to the company expertise and skills in a
variety of important areas at a critical time in GM's history,"
said Chief Executive Mary Barra.
GM also announced that Jane Mendillo, 57, retired president
and CEO of Harvard Management Co, has been nominated to stand
for election to the GM board.
Girsky joined the board in July 2009 as the company emerged
from a U.S. and Canadian taxpayer bailout and bankruptcy.
He was a key advisor to GM's chief executives since before
the 2009 bankruptcy.
Girsky led restructuring efforts at Opel, GM's primary brand
in Europe, and pushed GM executives to embrace investments in
digital technology and mobile internet connectivity that the
company has now made central to its product strategy.
In addition to being a board member, Girsky was GM vice
chairman from March 2010 to January 2014, heading up GM's global
strategy during that time.
He was the chairman of the Adam Opel AG supervisory board as
GM struggled to bring Opel back to profitability at a time when
some of his former counterparts on Wall Street thought GM should
try to sell the brand.
On Thursday, GM announced that it broke even in Europe on a
pretax basis, reversing a loss of $200 million a year earlier,
as the company also reported record first quarter pretax profit.

In the company's statement, Girsky said, "There have been
many milestones and accomplishments that I've been proud to be a
part of along the way, including GM's emergence from bankruptcy,
improved UAW relationship, and the continued comeback of the
European business."
The UAW is the United Auto Workers, the U.S. union that
represents about 54,000 hourly GM workers.
Girsky is currently president of New York-based business
consultancy S.J. Girsky & Co, a role he returned to in July
2014.