WASHINGTON - The U.S. Department of Treasury announced in a July 13 statement that Ron Bloom will assume the leadership role of the Presidential Auto Task Force as Steven Rattner steps down and moves back to New York City.

"With GM's restructuring complete, Steven Rattner, whose leadership and vision were invaluable to the Auto Task Force's efforts, has decided to transition back to private life and his family in New York City," said Secretary Tim Geithner in the statement. 

"Steve's expertise was a key contributor toward a new GM emerging in record time," according to General Motors CEO and President Fritz Henderson in a company statement. "His leadership of the Auto Task Force helped support our making the difficult commercial decisions that are necessary to re-invent GM."

"We are extremely grateful to Steve for his efforts in helping to strengthen GM and Chrysler, recapitalize GMAC, and support the American auto industry.  I hope that he takes another opportunity to bring his unique skills to government service in the future," said Geithner.

Henderson added that he looks forward to continue working with Bloom and other members of the Auto Task Force "to make GM a viable and globally competitive company."

Originally posted on Automotive Fleet