General Motors chairman and ‘interim’ CEO Ed Whitacre’s relentless shake-up of the top executive roster continued last night with the announcement that current CFO Ray Young has been named vice president, international operations, reporting to Tim Lee, president of the unit, from 1 February, 2010.
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Young, 47, will head the international operations finance organisation in a newly created post, “in addition to other international operating responsibilities that will be further clarified in the near term”, according to a GM statement.
“Ray has been instrumental in leading the company through an extraordinarily complex bankruptcy and subsequent actions taken to reshape GM’s business.
Looking ahead at the needs of our business, it has become clear that Ray’s vast global experience and financial expertise will be essential in managing the challenges and dynamics of growing our international business,” said Whitacre in the statement.
Young remains GM CFO until his replacement is named.
