General Motors CFO Chris Liddell Leaving After Year-Long Stint

#GM

Following a year-long stint at General Motors, chief financial officer Chris Liddell announced today that he will abdicate his position come April 1.

Liddell, 52, left the CFO position at software giant Microsoft to join GM’s ranks in January of 2010. As the successor to Ray Young, Liddell was in charge of the company’s global financial operations post-bankruptcy, and helped organize the reformed company for an initial public offering in November.

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His departure is viewed by many critics as a bit of a surprise. Statements released by the automaker and Liddell himself suggest his goals for a stint at GM have been met, but neither have indicated what Liddell’s next move (A new position? Early retirement?) might be.

“I came to General Motors to be part of something great,” Liddell said in a prepared statement.

“My objective was to help rebuild this iconic company, and I am particularly pleased that through this process, we have also developed a strong successor.”

That successor is 38-year-old Daniel Ammann, who is presently GM’s vice president of finance and in charge of its Treasurer’s office. Prior to joining GM in April 2010, Ammann spent 11 years at Morgan Stanley, rising to a managing director position and leading the investment firm’s Industrial Investment Banking operations.

“Dan’s depth of knowledge of the financial community and our business will be instrumental as we continue to earn the trust of global investors and customers,” GM CEO Dan Akerson said in a corporate press release. “He is held in high regard on Wall Street and within the company and, as we move our financial strategy forward, his credibility and leadership will be invaluable.”

No successor for Ammann has been named at this point.

Source: GM

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