Former GM CEO Robert Carl Stempel Passes Away
Former General Motors Company (NYSE:GM) CEO Robert Carl Stempel has passed away at the age of 77 in Florida. Stempel was CEO of GM between 1990-1992.
“The General Motors family mourns the passing of Bob Stempel, who admirably led the company during very difficult times in the early 1990s,” said GM in a statement. “Bob was a very popular chairman with employees, and his many accomplishments as a visionary engineer included leading the development of the catalytic converter, one of the great environmental advancements in auto history.”
Stempel worked at GM for 34 years. After becoming CEO in August 1990, Stempel attempted to reorganized the company, but he was ousted in October 1992. He was replaced by Jack Smith. Stempel oversaw the GM EV1 development.
Stempel was born in Trenton, New Jersey on July 15, 1933. He received a mechanical engineering degree from Worcester Polytechnic Institute in 1955 and received an MBA from Michigan State University in 1970.@amitchowdhry or on Google+ at +AmitChowdhry