Daniel Francis Akerson (born October 31, 1948) is the former chairman and

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...

, serving from 2010 to 2014. Akerson succeeded Edward Whitacre as CEO on September 1, 2010, and became chairman of the board on January 1, 2011. He was succeeded by

CEO

Mary Barra Mary Teresa Barra (née Makela; born December 24, 1961) is an American businesswoman who has been the chair and chief executive officer (CEO) of General Motors since January 15, 2014. She is the first female CEO of a 'Big Three' automaker. In De ...

. Akerson was a managing director of

The Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

and head of global buyout prior to joining

. He joined the

board of directors on July 24, 2009. Akerson also serves on the boards of

American Express American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment card industry, payment cards. It is headquartered at 200 Vesey Street, also known as American Expr ...

and the

U.S. Naval Academy The United States Naval Academy (USNA, Navy, or Annapolis) is a federal service academy in Annapolis, Maryland. It was established on 10 October 1845 during the tenure of George Bancroft as Secretary of the Navy. The Naval Academy is the sec ...

Foundation, and in 2014 joined

as a vice chairman and special advisor to the board of directors.

Personal life

Akerson was born in

Oakland, California Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California. It is the county seat and most populous city in Alameda County, California, Alameda County, with a population of 440,646 in 2020. A major We ...

, grew up in

Mankato Mankato ( ) is a city in Blue Earth, Nicollet, and Le Sueur counties in the U.S. state of Minnesota. It is the county seat of Blue Earth County, Minnesota. The population was 44,488 at the 2020 census, making it the 21st-largest city in Mi ...

Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...

, and attended Mankato West High school. He currently resides in

McLean, Virginia McLean ( ) is an Unincorporated area#United States, unincorporated community and census-designated place in Fairfax County, Virginia, United States. The population of the community was 50,773 at the 2020 United States census, 2020 census. It is ...

. He holds a

Bachelor of Science A Bachelor of Science (BS, BSc, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Scienc ...

degree in

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

from the

United States Naval Academy The United States Naval Academy (USNA, Navy, or Annapolis) is a United States Service academies, federal service academy in Annapolis, Maryland. It was established on 10 October 1845 during the tenure of George Bancroft as United States Secre ...

(Class of 1970) and a

Master of Science A Master of Science (; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree. In contrast to the Master of Arts degree, the Master of Science degree is typically granted for studies in sciences, engineering and medici ...

degree in

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

from the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

. Akerson served as an

officer An officer is a person who has a position of authority in a hierarchical organization. The term derives from Old French ''oficier'' "officer, official" (early 14c., Modern French ''officier''), from Medieval Latin ''officiarius'' "an officer," fro ...

on a

Naval A navy, naval force, military maritime fleet, war navy, or maritime force is the branch of a nation's armed forces principally designated for naval and amphibious warfare; namely, lake-borne, riverine, littoral, or ocean-borne combat operatio ...

destroyer from 1970-1975. Akerson's maternal grandparents are

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

and his paternal grandparents are Swedish.

Career

Akerson joined

MCI Inc. MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T. WorldCom grew largely by acquiring other telecommunicatio ...

in 1983 where he served as the CFO for several years as well as president and chief operating officer. He left MCI in 1993 to become chairman and chief executive of

General Instrument General Instrument (GI) was an American electronics manufacturer based in Horsham, Pennsylvania, specializing in semiconductors and cable television equipment. They formed in New York City in 1923 as an electronics manufacturer. During the 1950s ...

, where he succeeded former

United States Secretary of Defense The United States secretary of defense (acronym: SecDef) is the head of the United States Department of Defense (DoD), the United States federal executive departments, executive department of the United States Armed Forces, U.S. Armed Forces, a ...

Donald Rumsfeld Donald Henry Rumsfeld (July 9, 1932 – June 29, 2021) was an American politician, businessman, and naval officer who served as United States Secretary of Defense, secretary of defense from 1975 to 1977 under President Gerald Ford, and again ...

. In 1996, Akerson was hired to be the chief executive of

Nextel Nextel Communications, Inc. was an American wireless service operator that merged with and ceased to exist as a subsidiary of Sprint Corporation, which would later be bought by T-Mobile US and folded into that company. Nextel in Brazil, and form ...

. During his tenure as CEO, Nextel's revenues grew from $171.7 million in the year before his arrival to more than $3.3 billion in 1998. Shortly after stepping down as CEO of Nextel in July 1999, Akerson was brought in by

Craig McCaw Craig McCaw (born August 11, 1949) is an American businessman and entrepreneur, a pioneer in the cellular phone industry. He is the founder of McCaw Cellular (now part of AT&T Mobility) and Clearwire Corporation (now part of T-Mobile via the Sp ...

to run Nextlink Communications, later rebranded as

XO Communications XO Communications, LLC, previously Nextlink Communications, Concentric Network Corporation and Allegiance Telecom, Inc., was an American telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the ...

. XO Communications entered bankruptcy in June 2002, and Akerson resigned as CEO in December 2002. Akerson joined

in 2003. While at The Carlyle Group, Akerson ran the company's largest private equity fund. In July 2009, Akerson was named to the board of directors of

as a representative of the

U.S. Treasury The Department of the Treasury (USDT) is the Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments. ...

, which at the time owned a 61% stake in GM. On August 12, 2010, it was announced that Akerson would be the successor of Ed Whitacre as CEO of General Motors, starting September 1, 2010, and would also assume the Chairman of the Board position on January 1, 2011. During Akerson's first year of tenure in 2011, General Motors earned a record $7.6 billion in profit off of $150.3 billion in sales. In December 2013, the U.S. Treasury sold its final remaining shares of GM common stock. In April 2013, investors began to speculate that the 64-year-old executive may be considering retirement. The speculation was based solely on changes to Akerson's compensation plan at GM. On December 10, 2013, GM announced that Akerson will be replaced as CEO of GM by

, effective January 15, 2014. It is reported that Akerson's retirement was expedited by his wife's advanced stage cancer; however, on March 1, 2014, The Carlyle Group announced that Akerson rejoined the firm as vice chairman and special advisor to the board of directors. As of February 2014, Akerson serves on the board of directors at

Lockheed Martin The Lockheed Martin Corporation is an American Arms industry, defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995. It is headquartered in North ...

Political opinions

In August 2016, Akerson announced that he would—for the first time in his life—not vote for the Republican presidential candidate. In an

op-ed An op-ed, short for "opposite the editorial page," is a type of written prose commonly found in newspapers, magazines, and online publications. They usually represent a writer's strong and focused opinion on an issue of relevance to a targeted a ...

piece for

The Washington Post ''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...

, Akerson excoriated

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...

on a wide range of issues, while praising

Hillary Clinton Hillary Diane Rodham Clinton ( Rodham; born October 26, 1947) is an American politician, lawyer and diplomat. She was the 67th United States secretary of state in the administration of Barack Obama from 2009 to 2013, a U.S. senator represent ...

References

External links

* * {{DEFAULTSORT:Akerson, Daniel 1948 births Living people American Express people The Carlyle Group people General Motors executives Businesspeople from Oakland, California Businesspeople from Minnesota People from McLean, Virginia United States Navy officers Alumni of the London School of Economics United States Naval Academy alumni People from Mankato, Minnesota Military personnel from California Military personnel from Minnesota