General Motors made a series of top-level appointments last month. The highest-profile of them, of course, was the nomination of Mary Barra as Chief Executive Officer. But the industrial giant also named Tim Solso as chairman and Dan Ammann as president. The one thing that was missing was a new CFO.

The position was previously held by Ammann, but his promotion left the office vacant, "His replacement as CFO [to] be named later." That "later" is has come now as GM has named Chuck Stevens as its new Chief Financial Officer. Stevens started working at Buick way back in 1983, and has taken leadership positions for GM in a number of Asian markets in the years since. For the past four years he's served as CFO of GM North America, and temporarily expanded his purview to include South America financial operations as well.

In his new capacity he'll report directly to Barra, and his post in the North American operations will be filled by John Stapleton, the outgoing CFO of GM Global Manufacturing. Details of the Ren Cen game of bean-counting musical chairs in the press release, below.
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Chuck Stevens Named GM CFO
John Stapleton to become North America CFO
2014-01-14

DETROIT – General Motors today named Chuck Stevens as executive vice president and chief financial officer, effective Jan. 15. He replaces Dan Ammann, who becomes company president on Jan. 15. Stevens was previously CFO of GM North America.

In his new position, Stevens will be responsible for leading the company's financial and accounting operations on a global basis. He will report to Mary Barra, who becomes GM CEO on Jan. 15.

"Chuck's extensive experience in leading finance operations and driving profitable growth all around the world makes him the perfect choice to help our team drive GM's global performance to new heights," said Barra.

Stevens, 54, became CFO of GM North America in January 2010. In this position, he led GM's financial operations for U.S. Sales, Service and Marketing, GM Canada, GM Mexico, North America Manufacturing, Customer Care and Aftersales, and Global Connected Consumer. He was also interim CFO of GM South America from December 2011 to January 2013.

Stevens previously held leadership positions in China, Singapore, Indonesia and Thailand. He began his career at Buick Motor Division in 1983.

"The plan is to build on the good progress made by the finance team in driving the right business decisions," said Stevens. "I look forward to working with the GM team to drive even stronger business results."

John Stapleton, currently CFO of GM Global Manufacturing, will replace Stevens as CFO of North America. He will report to Alan Batey, who becomes executive vice president and president of GM North America effective Jan. 15. Stapleton, 45, has more than 24 years of financial experience at GM.

About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.


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