GM picks Solso as chairman

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Former Cummins CEO Tim Solso has been named chairman of the board of General Motors Co.

The leadership shakeup also involves the earlier-than-planned departure of current Chairman and CEO Dan Akerson and the ascendance to the top job of Mary Barra, the first woman to lead one of America’s big-three automakers.

General Motors said in a news release that Akerson will step down Jan. 15, a few months earlier than planned, because of his wife’s recently diagnosed advanced-stage cancer.

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