GMAC's William Muir Announces Plan to Retire

DETROIT – After a nearly 27-year career with GMAC Financial Services and its former parent, General Motors, William Muir, president and head of the company’s Global Automotive Services, has announced his intention to retire from GMAC within the next year.

Muir will continue in his current role until a replacement is named. After that time, he will remain with GMAC for a period of time to ensure a smooth and orderly transition period.

“Bill has been a dedicated leader to GMAC for many years and helped the company through a number of key milestones. We are pleased to continue to benefit from his experience during this transition period,” said GMAC CEO Michael A. Carpenter.

Muir said, “I continue to be optimistic about the strategic direction for GMAC and the progress the team is making. I am committed to ensuring a smooth transition for GMAC’s premier Global Automotive Services business before commencing with my retirement within the next year.”

The company has initiated an external search for a candidate to run the Global Automotive Services operation.