Detroit, Michigan – General Motors has announced its new chief financial officer, Dan Ammann, who will take over from departing vice-chairman and CFO Chris Liddell in April.
Liddell, 52, oversaw GM’s transition through bankruptcy, completing the largest public offering in history and stabilizing the company’s financial operations. He joined the company in January 2010 and led its financial and accounting operations on a global basis.
Ammann, 38, will succeed Liddell as CFO effective April 1, 2011. He is currently GM’s vice-president, finance and treasurer, and played a major role in setting the company’s financial strategy and debt reduction, as well as its IPO process. He joined the company in March 2010 and has since led the GM Treasurer’s Office, based in New York. Prior to GM, he was managing director and head of Industrials Investment Banking for Morgan Stanley.
A successor for Ammann in the Treasurer’s office will be announced at a later date.