GM CEO Chris Liddell Steps Down, Replaced By Treasurer Dan Ammann

After 14 months on the job and one IPO, General Motors CFO Chris Liddell is stepping down, and will be replaced by treasurer Dan Ammann. Liddell was viewed as a potential successor to CEO Dan Akerson, but said he wants to move on from his CFO position, after having previously holding the title at Microsoft and International Paper Co.

GM has undergone a number of management changes recently, most notably appointing Mary Barra as the head of product development from her former post in human resources. An analyst at Morgan Stanley noted the management shift came at “…a time of heightened geopolitical and macroeconomic risk.”

[Source: Automotive News]