Southfield firm hires former GM chief

March 16, 2010

Southfield firm hires former GM chief

The Detroit News

Former General Motors Co. Chief Executive Fritz Henderson will work as a consultant for the company hired to dispose of the unwanted assets the automaker left in bankruptcy. It is Henderson’s second notable consulting job since he was ousted by Chairman and now-CEO Edward Whitacre Jr. on Dec. 1. The hire, disclosed in legal filing Friday in U.S. Bankruptcy Court, comes one month after GM hired Henderson as a $60,000-a-month consultant, specializing in international operations.

The legal papers did not indicate how long Henderson will work as a consultant to Southfield-based restructuring firm AlixPartners LLP, or his compensation. But he will not consult on any matters involving the old GM, known as Motors Liquidation Co.

"From time to time, AlixPartners contracts with experienced specialists to complement our existing team and to help us grow, and that’s our purpose in signing on Fritz Henderson as an independent contractor working on a part-time basis," AlixPartners said in a statement.

"Mr. Henderson is a broad-based strategic thinker with contacts all around the world, including in parts of the world where we hope to grow even faster."

Henderson, whose consultant contract started March 1, will work as an independent contractor, according to the legal filing.

AlixPartners Vice Chairman Al Koch, is chief executive and president of Motors Liquidation. He disclosed Henderson’s hiring in a document filed in the bankruptcy estate case.

Subsidiary firm AP Services LLC has reaped millions handling GM’s bankruptcy estate. The firm billed GM and its bankruptcy estate more than $23 million in the 90 days leading up to and following the June 1 bankruptcy filing. Since then, AP Services has billed an additional $12.7 million.

Bargaining Committee

Mike Herron
Tim Stannard
Zone at Large – 1st
Danny Taylor
Zone at Large – 2nd
Mark Wilkerson
Joe McClure
Chad Poynor
Steve Roberts
Derek Lewis
Bill Cundiff
Kirk Zebbs
Don Numinen
Jay Minella
Danny Bragg
Chris Hill
Rashad Thomas
Keith Oswald
Chris Brown

1853 Officers

Tim Stannard
Mike Herron
Vice President
Darrell DeJean
Financial Secretary
Mark Wunderlin
Recording Secretary
Peggy Mullins
Trustee (3)
Jay Lowe
Dave Clements
Dave Spare
Sgt. at Arms
David C Spare
Ashley Holloway
E-Board at Large (2)
David Ryder
Steve Roberts

GM Unit Chair
Mike Herron
Leadec Unit Chair
Larry Poole
Ryder Unit Chair
Patrick Linck
AFV Unit Chair
Katherine McGaw
Retiree Chair
Mike Martinez