Caption: William J. Lovejoy General Motors Corp. ousted the two top executives at General Motors Acceptance Corp. Thursday and shuffled other key executive posts in response to charges that GMAC was defrauded of $436 million by a New York car dealer. GMAC President William Lovejoy has been placed on special assignment, and chief financial officer George Fenner is retiring. Lovejoy, 49, will report to GMAC Chairman John Edman. Succeeding Lovejoy will be Gene Whitlinger, now vice president in charge of central U.S. operations. Fred Winckler, Jr., vice president in charge of plans, will follow Whitlinger. Lovejoy joined GMAC in New York City in 1962. He worked in New York, New Jersey and Colorado before becoming director of strategic planning in 1984 at the company's Detroit headquarters. GMAC, a wholly owned GM subsidiary, is among the largest financial services companies in the nation and provides automotive financing, leasing and other services to GM dealers.
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