The corporate shakedown within GM's ranks continued today with the appointment of Ray Young in a newly created position of vice president for International Operations. Young will report to Tim Lee, president of GM International Operations and will take his role on February 1, 2010.
“Ray has been instrumental in leading the company through an extraordinarily complex bankruptcy and subsequent actions taken to reshape GM’s business," Ed Whitacre, GM's interim CEO said when announcing the appointment.
"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."
As for the current role Young fulfills for GM, CFO, Whitacre says he will not abandon his post until a proper replacement is found.
As for the reason behind the seemingly neverending changes Whitacre has began making since he ousted Fritz Henderson, Whitacre explained it like this:
"I want to give people more responsibility and authority deeper in the organization and then hold them accountable. We’ve realigned our leadership duties and responsibilities to help us meet our mission to design, build and sell the world’s best vehicles.”
So far, GM appointed Mark Reuss as president of GM North America, Nick Reilly president GM Europe, the aforementioned Tim Lee as president of GM International Operations and Thomas G. Stephens as global purchasing head. More recently, Chevrolet got its new leader, James Campbell, former head of GM's Fleet and Commercial Operations.
“Ray has been instrumental in leading the company through an extraordinarily complex bankruptcy and subsequent actions taken to reshape GM’s business," Ed Whitacre, GM's interim CEO said when announcing the appointment.
"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."
As for the current role Young fulfills for GM, CFO, Whitacre says he will not abandon his post until a proper replacement is found.
As for the reason behind the seemingly neverending changes Whitacre has began making since he ousted Fritz Henderson, Whitacre explained it like this:
"I want to give people more responsibility and authority deeper in the organization and then hold them accountable. We’ve realigned our leadership duties and responsibilities to help us meet our mission to design, build and sell the world’s best vehicles.”
So far, GM appointed Mark Reuss as president of GM North America, Nick Reilly president GM Europe, the aforementioned Tim Lee as president of GM International Operations and Thomas G. Stephens as global purchasing head. More recently, Chevrolet got its new leader, James Campbell, former head of GM's Fleet and Commercial Operations.