Tag Archives: dan ammann

GM Reorganizes Again – New Global Services Group

Tremblay’s appointment is effective 1 July 1. Her workers will come from employees in Finance, Human Resources, Facilities, Real Estate and Indirect Purchasing. When fully operational, Global Business Services will manage dozens of common processes across GM and include thousands of employees across the globe. The group is expected to reduce associated costs by at least 30% over the next four years. Whether the cost savings come from eliminating jobs was not immediately clear. Continue reading

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GM CFO’s Wife Disclosed in $600,000 Related Party Deal

In an amended proxy filing to the Securities and Exchange Commission made public today, General Motors said that it recently learned about a related party transaction in 2011 not included in the original proxy statement. Pernilla Ammann, the wife of GM’s Chief Financial Officer Dan Ammann, is an officer and partner in an advertising agency that received approximately $600,000 for services provided to a GM subsidiary in 2011. Continue reading

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GM Sells its Stake in Delphi Automotive for $3.8 Billion

General Motors Company (NYSE: GM) late today announced the sale of its Class A Membership Interest in Delphi Automotive LLP (Delphi) back to Delphi for $3.8 billion. Continue reading

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Another GM Top Management Change as CFO Liddell Resigns

It appears that the outside financial gunslingers brought in by Treasury – notably Ed Whitaker retired from ATT and Chris Liddell from Microsoft had short term personal goals as to how long they would run the historic and now recovering auto giant. This begs the question as to how long the current CEO Dan Akerson, who came from Wall Street, will stick around, and puts a stop to speculation that Liddell, 52, was the obvious heir apparent for Akerson’s job. Continue reading

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