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April 29, 2005

USA: GM Powertrain announces new leadership for European and Latin American divisions following dissolution of Fiat JV

General Motors Powertrain today named Greg Deveson vice president of GM Powertrain Europe and Walter Othero as general manager of GM Powertrain Latin America.

General Motors Powertrain today named Greg Deveson vice president of GM Powertrain Europe and Walter Othero as general manager of GM Powertrain Latin America.

GM Powertrain group vice president Tom Stephens announced the appointments that will be effective upon the dissolution of the Fiat-GM Powertrain (FGP) joint venture. The dissolution is expected to be completed by May 13.

“Both GM Powertrain Europe and GM Powertrain Latin America have specialized expertise, for example, in designing diesel and ethanol fueled engines, respectively,” said Stephens. “And we need to deploy these technologies globally. GM Powertrain Europe and GM Powertrain Latin America will also be responsible to GM Europe (GME) and GM Latin America, Africa and Mid-East (GM LAAM) for tuning engines and transmissions for the unique vehicle needs in those regions.”

“These appointments are the next step in the further development of GM Powertrain as a global organization,” added Stephens. “A globally integrated GM Powertrain organization will improve our business results as we’ll use common manufacturing systems to provide us economies of scale.”

Deveson is currently CEO of the Fiat-GM Powertrain joint venture and will continue in that capacity through its pending dissolution. Deveson will report to Stephens and Fritz Henderson, Chairman of GM Europe. GM Powertrain Europe headquarters will be located in Turin, Italy. From the outset, GM Powertrain Europe will have engineering centers in Germany, Italy and Sweden, and manufacturing facilities in Austria, Germany, Hungary and Sweden. Additional manufacturing and engineering facilities in France, Germany and Poland will be integrated into the organization by the beginning of 2006.

Othero is currently the Director of Manufacturing Operations at GM do Brasil’s Sao Caetano do Sul plant and has 34 years of experience in Manufacturing Processes, Material Control, and Production Systems. He has successfully implemented the modern Rosario Plant in Argentina, and as member of the Global Team for implementation of lean processes, Othero has lead the deployment of these processes in all plants throughout LAAM. Othero will report to Stephens and Maureen Kempston-Darkes, president of GM LAAM and he will also be a member of the GM do Brasil Executive Committee. GM Powertrain Latin America headquarters and manufacturing will be located in San Jose Dos Campos. GM Powertrain Latin America’s engineering center will be located in Sao Caetano do Sul, Brazil.

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