GM Names James A. Davlin Vice President Finance and Treasurer

News provided by

Sep 23, 2011, 12:30 ET

DETROIT, Sept. 23, 2011 /PRNewswire/ -- General Motors has named James A. Davlin GM vice president finance and treasurer, effective Oct. 3.

Davlin joins GM from Deere & Company, a global leader of agriculture and construction equipment, where he was vice president of Corporate Strategy and Business Development responsible for defining and implementing the company's strategic initiatives, mergers and acquisitions. He was vice president and treasurer there from 2007 to 2010.

"Jim brings broad expertise and leadership in finance and treasury operations. As treasurer, much of his immediate focus will be on maintaining our fortress balance sheet, de-risking our pension plans and achieving investment grade credit ratings," said Dan Ammann, GM senior vice president and chief financial officer.

Davlin, 47, will report to Ammann and will lead GM's global treasury operations, including capital planning, capital market activities, worldwide banking, pension funding and have involvement in business development, risk management and investor relations.

"His experience as a finance leader in other large, global companies makes him well suited to contribute to our efforts to improve our operational leverage, drive global growth and achieve long-term profitability for GM," said Ammann.

Note to Editors: A professional biography of James A. Davlin is available with this news release at http://media.gm.com.

General Motors (NYSE:GM, TSX: GMM), one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 208,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 30 countries, and sell and service these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling. The global Chevrolet brand celebrates its 100th anniversary in 2011. GM's largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on the new General Motors can be found at www.gm.com.

SOURCE General Motors