We knew Ray Young, General Motor’s CFO, was looking for a new gig -- but we didn’t know the new position would still be within GM’s ranks. The company announced today that Young will become the company’s vice-president of international operations.
The new title will take effect February 1, when Young officially steps down as CFO and into the newly created VP position. Young will lead the international finance operations, in addition to other international operating responsibilities, which GM says will be “further clarified in the near term.” We wouldn’t be surprised if Young will find himself deeply involved with the complicated restructuring process at Opel and Vauxhall.
The appointment isn’t Young’s first international stint. After joining GM Canada in the late 1980s, he was appointed GM’s European treasurer in 1993. Young also spent time as president of CAMI (the GM/Suzuki joint venture in Ontario, Canada), and president of GM do Brasil.
“Looking ahead at the needs of our business,” said Ed Whitacre, GM’s chairman and interim CEO, “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.”