June 18, 2014
Cadillac U.S. sales chief Bill Peffer is out after less than 10 months, the brand's third head of sales to leave in two years as the executive turnover continues inside General Motors' sales organization.
Peffer's departure marks the latest executive churn at Cadillac, which is trying to leverage its rejuvenated vehicle lineup to close the sales gap on German rivals BMW, Mercedes and Audi.
Peffer was named to Cadillac's top U.S. sales post in October 2013, from his previous job as CEO of Nissan Australia. He replaced Chase Hawkins, who was in the job just 13 months before being dismissed from GM in June 2013 for an undisclosed policy violation.
Peffer was picked by Bob Ferguson, senior vice president of global Cadillac, who in recent months has been spending much of his time in Washington, D.C., helping to steer GM's response to its ignition switch recall.
Ferguson, GM's top lobbyist before being picked by former GM CEO Dan Akerson in October 2012 to lead Cadillac, is likely to transition out of the Cadillac job and shift back to his Washington position full time, according to GM insiders.
Peffer leaves amid cooling Cadillac sales, following a year in which U.S. deliveries jumped 22 percent to 182,543 units, leading Cadillac to bill itself as the industry's "fastest-growing full-line luxury brand."
Through May, Cadillac sales slipped 2 percent, well off the pace to hit Ferguson's forecast for this year of at least 10 percent U.S. sales growth.
Cadillac has been hurt by a 20 percent slide in sales of the ATS compact sedan this year through May. In an April interview, Peffer acknowledged that competition in that critical segment had stiffened with the debut of the Mercedes CLA sedan and other entries.
Cadillac's marketing unit also has seen executive churn.
Uwe Ellinghaus, the brand's global chief marketing officer and a former BMW executive, joined GM in January. He replaced Don Butler, the former Cadillac marketing chief who briefly was put in charge of overseas expansion before unexpectedly leaving GM last August. Butler emerged five months later as head of Ford's global connected-vehicle unit.