Carol Stephenson to guard Canadian investment in GM

StephensonEdit.jpg Canada's more than $10 billion investment in General Motors is to be guarded by Carol Stephenson, who was president of Stentor until 1999, landed at Lucent Canada as CEO and then flipped to the Richard Ivey School of Business at Western U. in 2003. When she left Stentor a decade ago the co-op was disintegrating as limited competition upset the Canadian telco oligopoly. She left Lucent soon after another woman, Patricia Russo, reached the top at parent Lucent Technologies Inc. in the U.S. Ms. Russo has also been appointed to the GM board, one of 10 appointees of the Obama Administration, which is protecting many times more billions invested (?) in GM. Ms Stephenson is the appointee of the Canadian and Ontario governments, jointly. There are 13 directors in all. The other two are a rep of the auto workers and the new CEO of GM, Fritz Henderson.
“I think it’s a very interesting and historic time to be involved in the auto sector. I am honoured to have been chosen to play what I think is a really important role in the revitalization of GM and the auto sector. My main goal is to return it to profitability.” says Ms. Stephenson, who will be paid US$200,000 annually as a director. She was previously a member of the GM Canada advisory board and is a federally-appointed member of the board for the 2010 Olympic Games in B.C. At the Ivey School, where she is dean, she's overseeing a $100 million expansion of campus due to start this month. Busy days for Ms. Stephenson.

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