General Motors has announced that Ray Young – the company’s current Chief Financial Officer – has been named the company’s new vice president of International Operation. In his new position, Young will report to Tim Lee, president of GM International Operations.
As a part of his new responsibilities, Young will lead GM’s International Operations Finance organization. Young is slated to take his new post on February 1, but will remain as company CFO until a replacement is found.
“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.
Young’s future with GM had been in question over the past several weeks as the 47 year old executive reportedly clashed with President Obama’s auto task force. However, all appears to be well with the creation of a new position to keep Young in the GM family. Young started his career with GM in 1988 and took over as company CFO in 2008.
