Liddell has been the man entrusted by GM with handling its finances through perhaps its most exciting moments, the filing of the initial public offering (IPO) last year. Liddell managed to complete the task with flying colors, transforming what was already a huge IPO into the biggest such action in American history.
The reasons behind Liddell's departure were not disclosed, but the American media speculates the executive has fallen victim to the corporate shake-up that has engulfed GM in the past months.
Liddell's place will be taken by another man involved with the GM IPO, Dan Ammann, the current vice president, finance and treasurer. His replacement at the gates of the GM vault is yet to be decided. The effects of today's announcement are yet to be felt.
“Chris was a major contributor during a pivotal time in the company’s history. He guided the company’s IPO process and established a good financial foundation for the future,” said the company's CEO, Dan Akerson.
“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. 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.”
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