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Bruce Nunnally

Bob Lutz to chair Opel Supervisory Board?

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Bob Lutz is shifting gears at General Motors again, this time serving as the chair of Opel's supervisory board as it undergoes restructuring, according to The Wall Street Journal.

GM has described the report as "speculation" but what isn't speculative is the fact that Carl-Peter Forster, the CEO of Opel Europe, is leaving. While Forster, who was in favor of the Magna deal, will be helping GM find a permanent replacement, Lutz will lead the restructuring efforts of Opel expected to cost $4.4 billion.

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