General Motors’ self-driving-car unit, Cruise, is going through leadership changes following the loss of permits and the pause of operations in California.
Driving the news: Cruise Chief Executive Kyle Vogt announced his resignation, stating that he plans to spend more time with family and explore new ideas.
- Vogt co-founded Cruise in 2013 and was previously CEO from 2013 to 2019. He believes Cruise has a great future ahead.
- Cruise has faced scrutiny from California regulators for safety concerns while testing autonomous cars in San Francisco.
- Mo Elshenawy, currently VP of engineering, will become the president and chief technology officer of Cruise.
- Craig Glidden will continue as president and chief administrative officer, while Jon McNeill becomes vice chairman of Cruise’s board.
- General Motors acquired Cruise in 2016 for over $1 billion.