Alfred P. Sloan Jr.

Alfred P. Sloan Jr. was an American corporate executive who served as president, chairman, and CEO of General Motors from 1923 to 1956. He is best known for transforming GM into one of the world's largest industrial enterprises by decentralizing production operations while centralizing administration, and for establishing the modern multidivisional corporate organizational structure. He also introduced annual model styling changes, a tiered brand pricing structure, and the General Motors Acceptance Corporation, which pioneered automotive consumer financing. He died in 1966 at the age of 90.