GM executive shuffle continues: CFO Liddell resigns, Treasurer Ammann promoted |
| Fortune - Mar 10, 2011 |
The management churn at General Motors Co. (GM) proceeds unabated with the resignation Thursday of Chris Liddell as chief financial officer after 14 months on the job.
Dan Akerson, GM chief executive officer, has been stirring his pot of executives since taking over last fall -- and he is the fourth GM CEO in less than two years. Last month GM got a new chief of product development, Mary Barra. Last week, GM's head of engine and transmission development, Jamie Hresko, resigned.
In a conference call with journalists, Liddell, 52, explained that he had achieved his goal of getting GM "back on its feet" financially. He also said he was "delighted" that Dan Ammann, 38, who joined GM as treasurer last April from Morgan Stanley, would be taking over for him.
Liddell said in the call that "there's no exact perfect time" to leave, that he "left great foundations in place" and that he has "no specific plans, a couple of ideas of things I'd like to do." Afterwards, a GM spokesman said Liddell was about to be married, which he said may have some bearing on his career.
Read Full Article from Fortune
- Posted: 2011-03-10 12:10:46
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