FRITZ HENDERSON NAMED CEO OF ENERGY SPIN-OFF

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By Drew Johnson

Former General Motors CEO Fritz Henderson has finally found himself a new job, landing the position of CEO at Sunoco spin-off SunCoke Energy. SunCoke is expected to be separated from Sunoco sometime during the first half of next year.

Until SunCoke is spun-off from Sunoco, Henderson will serve as the company’s senior vice president. Sunoco announced in June that it would be separating from SunCoke in 2011, although the new company still has some regulatory hoops to jump through.

“Fritz is an exceptionally gifted and highly experienced executive with the business and financial expertise needed to lead SunCoke Energy as an independent company and drive its global growth strategy,” Lynn L. Elsenhans, Sunoco’s CEO, said in a statement. “His broad global experience managing businesses in many of the world’s major markets will be invaluable.”

Henderson, 52, was dismissed from General Motors last December. Henderson took over the reins of GM following President Obama’s ousting of then GM CEO Rick Wagoner. Henderson guided GM through its bankruptcy proceedings before being replaced by former AT&T exec Ed Whitacre.

On a related note, Wagoner was recently named to the board of an Ohio recycling company.

source: leftlanenews

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