Holden boss Dave Buttner has stepped down as chairman and managing director after just 16 months in the job – one of the shortest tenures in the company’s 71-year history – following the lowest sales since the company was formed in 1948.
The former Toyota executive had come out of retirement to become only the second Australian boss to run Holden after it had been led for 25 years by foreign executives. Mr Buttner had vowed to turn Holden around after the shutdown of Australian car manufacturing in October 2017.
But Holden – which had 50 per cent of the entire car market in the 1950s, and was last Australia’s top-selling brand in 2002 – has struggled to stay inside the Top 10 sellers list over the past two years.
Full article here: https://www.caradvice.com.au/811317/...es-since-1948/