Schoewe will be paid $200,000 a year.
General Motors Company today announced the election of Thomas M. Schoewe, pronounced Show-ee, former executive vice president and chief financial officer of Wal-Mart Stores Inc., to the GM board of directors.
The addition of Schoewe brings GM’s board of directors to 12 members, 10 of whom are non-employee directors. The majority of directors were approved by the U.S. Treasury Department. Schoewe owns no shares of GM stock, according to an SEC filing.
From 2000 to 2010, Schoewe, 59, was responsible for accounting and controls, business planning and analysis, internal auditing, treasury and tax at Wal-Mart. Prior to Wal-Mart, he served as senior vice president and CFO for Black & Decker Corp. Prior to that, Schoewe was with Beatrice Companies Inc. where he was the CFO and controller of Beatrice Consumer Durables Inc.
“We’re fortunate to have Tom join GM’s board of directors. He brings a wealth of business planning, financial experience and proven leadership, gained over more than 35 years at leading consumer-facing companies,” said Dan Akerson, GM chairman and chief executive officer.
Schoewe also serves on the boards of directors of KKR Management LLC, Northrop Grumman Corp. and Pulte Group Inc. Schoewe holds a bachelor’s of business administration degree in finance from Loyola University in Chicago.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
