GM CFO Chris Liddell resigns, Dan Ammann set to take over

Article by Christian A., on March 11, 2011

The auto industry was shocked when Chris Liddell, the current Vice Chairman and Chief Financial Officer (CFO) of General Motors Co., announced that he is leaving the company effective April 1. GM tasked Liddell to handle its finances through some of its most crucial moments, including the filing of the initial public offering (IPO) last year.

Liddell was able to overcome the challenge and had been instrumental in making the IPO the big success that it is.

There has been no official word on why Liddell is leaving but the U.S. media believe that he is a casualty in the corporate shake-up that GM has been undergoing in recent months. Dan Ammann, the current vice president, finance and treasurer, will take over the position when Liddell leaves.

CEO Dan Akerson described Liddell as a “major contributor during a pivotal time” in GM’s history as he had guided its IPO process and set up a good financial foundation for the future.

Meanwhile, Akerson said that Ammann’s knowledge of the financial community and its business will be useful as GM continues to gain the trust of global investors and customers. Akerson said that as Ammann’s “credibility and leadership” will be “invaluable” as the company moves forward.

Topics: gm

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