GM’s vice pres­i­dent of HR to re­tire

The Detroit News - - Front Page - Wire and staff reports

Gen­eral Mo­tors Co. said Thurs­day that its head of hu­man re­sources has elected to re­tire af­ter 41 years with the com­pany.

John Qu­at­trone, se­nior vice pres­i­dent of GM global hu­man re­sources since April 2014, will re­tire Sept. 1. He will be re­placed by Jose To­mas who joins the com­pany Satur­day.

Qu­at­trone, 64, be­gan his ca­reer with GM in 1975 at the Fisher Body Syra­cuse Plant.

“John has played a cru­cial role in the de­vel­op­ment of GM’s se­nior lead­er­ship team as well as serv­ing as a trusted ad­viser and coun­selor on many im­por­tant is­sues across the com­pany,” GM Chair­man and CEO Mary Barra said in a state­ment.

To­mas, 49, who joins GM from health ben­e­fits com­pany An­them Inc., will re­port to Barra and serve on GM’s se­nior lead­er­ship team. To­mas, who served as chief hu­man re­sources of­fi­cer at An­them, has more than 20 years of ex­pe­ri­ence in hu­man re­sources. He pre­vi­ously worked for Burger King Corp.

Meal kit firm shares flat in first trad­ing day

Wall Street was not hun­gry for Blue Apron. The meal kit com­pany’s shares ended un­changed Thurs­day in their first full day on the stock mar­ket.

The stock rose as much as 10 per­cent af­ter its de­but, but it ended Thurs­day at $10, the same as its ini­tial of­fer­ing price.

On Wed­nes­day, Blue Apron low­ered what it ex­pected its shares to sell for, a sign that the com­pany had trou­ble at­tract­ing in­vestors for its IPO.

Blue Apron ships boxes to cus­tomers filled with all the raw in­gre­di­ents needed to make home-cooked meals. It has many ri­vals, in­clud­ing Hel­loFresh and Plated, and there are con­cerns that com­pe­ti­tion to de­liver gro­ceries to peo­ple’s doorsteps will only heat up af­ter e-com­merce gi­ant Ama­ Inc. an­nounced plans to buy or­ganic gro­cer Whole Foods ear­lier this month.

Debt dead­line now Oc­to­ber, CBO says

The drop-dead dead­line for Congress to in­crease the gov­ern­ment’s bor­row­ing author­ity and avoid a dev­as­tat­ing eco­nomic de­fault is early to mid-Oc­to­ber, says a gov­ern­ment es­ti­mate re­leased Thurs­day that de­liv­ered an­other chal­lenge to Repub­li­can lead­ers.

Thurs­day’s Con­gres­sional Bud­get Of­fice re­port pre­dicts the fed­eral gov­ern­ment’s bud­get deficit will spike to $693 bil­lion this year, $134 bil­lion more than pre­dicted in Jan­uary. The wors­en­ing pic­ture is mostly due to slip­ping pro­jec­tions of tax rev­enues.

Congress must act by the Oc­to­ber debt dead­line or else risk an econ­o­myrat­tling, first-ever de­fault on U.S. obli­ga­tions.

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