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00:02General Motors said, in a regulatory filing, that it recruited product chief Sterling Anderson
00:08last year with a pay package worth up to $40 million, according to Reuters.
00:12The company hired Anderson from autonomous trucking company Aurora,
00:17where he was co-founder and chief product officer.
00:20Anderson previously worked at Tesla.
00:22GM put him in charge of the development of electric and gasoline vehicles and software.
00:27Anderson received $16 million last year.
00:30He can earn a total new hire award of $24 million through 2027
00:34if he meets performance targets and remains at the company,
00:37according to the company's proxy statement.
00:40Industry insiders view him as a potential successor to CEO Mary Barra.
00:44GM said the board reviews succession planning in the ordinary course.
00:48Barra's 2025 pay package could total $29.9 million.
00:52For all things money, visit Benzinga.com.
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