Cruise Automation, the self-driving car subsidiary of GM, is getting a new CEO.
The autonomous vehicle company, which was acquired by GM in 2016 and became subsidiary GM Cruise, has tapped Dan Ammann as CEO. Ammann will step down as GM’s president, a role he’s held since January 2014.
Kyle Vogt, a Cruise co-founder who was CEO and also unofficially handled the chief technology officer position, is staying with the company. Vogt will now become president and CTO.
The executive level shuffling makes sense for Cruise, which has transformed from a small startup with 40 employees to more than 1,000 today at its San Francisco headquarters. And it continues to expand as the company prepares to launch a commercial robotaxi business in 2019.
Cruise recently announced plans to open an office in Seattle and staff it with up to 200 engineers. And with the recent investments by Softbank and Honda, which has pushed Cruise’s valuation to $14.6 billion, it has…