Ray G. Young
GM announced Monday that Ray G. Young has been named vice president, International Operations.
Young, who currently serves as GM’s CFO, will report to Tim Lee, president of GM International Operations. In this newly-created role, Young will be in charge of finance within the International Operations organization, as well as other international operating responsibilities that will be further clarified shortly.
Chairman and CEO Ed Whitacre had the following to say about the change:
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.
It looks like Young will be in charge of developing a financial strategy for GM’s international markets, which are mostly made up of developing economies. The change will be effective February 1, 2010. Until then, Young will continue to serve as GM’s Chief Financial Officer until a replacement is named.
Check out GM’s presser after the break.
PRESS RELEASE
Young to Play Key Role in International Operations
2009-12-14
DETROIT – GM announced today that Ray G. Young has been named vice president, International Operations, reporting to Tim Lee, president of GM International Operations, effective February 1, 2010.
In this newly created role, Young, 47, will lead the International Operations Finance organization, in addition to other international operating responsibilities that will be further clarified in the near term.
“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 Chairman and CEO, Edward E. Whitacre, Jr.
In addition, Ray will continue to be the Chief Financial Officer of General Motors until a replacement is named.
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