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July 30, 2003
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Holden's Peter Hanenberger to Retire After 45 Years With GM

Denny Mooney to Succeed Hanenberger as Holden Chairman & Managing Director

Peter Hanenberger

DETROIT - Peter Hanenberger, a General Motors group vice president and chairman and managing director of GM's Australia subsidiary, Holden Ltd., will retire Jan. 1 after 45 years of service, GM Chairman and CEO Rick Wagoner announced today. 


Denny Mooney
Photos: GM

Denny Mooney, executive director of vehicle integration for GM North America Engineering, will succeed Hanenberger as Holden chairman and managing director, Wagoner said. Mooney will join Holden later this year and work with Hanenberger to ensure a smooth transition.

Hanenberger, 61, joined Holden in 1999 and oversaw its remarkable expansion and success in Australia and the other markets where Holden cars and trucks are sold.

Before joining Holden, Hanenberger was a GM vice president and group executive of the Opel Technical Development Centre in Ruesselsheim, Germany. A native of Wiesbaden, Germany, he began his career at Adam Opel AG, GM's German subsidiary, in 1958 in vehicle testing and development. He moved up the ranks to several key engineering posts.

Holden underwent an aggressive expansion of its product lineup and manufacturing capacity under Hanenberger's tenure. He championed the expansion of Holden's research and product development capabilities, which included the recent announcement of the Holden Innovation Center.


Hanenberger also played a key role in the growth of GM's Asia-Pacific operations, including its assembly plant in Rayong, Thailand, and with Holden's operations in New Zealand. He is a director of GM Daewoo Auto & Technology Co., serving as a consultant for the rapidly growing Korean automaker.

Mooney, 46, brings to Holden 25 years of automotive engineering and management experience. After joining GM in 1978 as a college graduate in training with Oldsmobile, Mooney advanced to several engineering positions within GM North America. In 1993, he was named director of projects for future programs, and was promoted to vehicle chief engineer for compact cars in 1996. In the following years, he held several engineering director positions, and was named executive director of vehicle performance for GM North America before appointment to his current post in 2001.

At Holden, Mooney will report to Fritz Henderson, GM group vice president and president of GM Asia Pacific.

Mooney holds a Bachelor of Science degree in mechanical engineering from the University of Michigan and a master's degree in national resource strategy from the National Defense University.

(July 25, 2003)

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