From the May 2010 issue of Treasury & Risk magazine


Daniel Ammann; Hugh Johnston; William Kelley Jr.; Maryann Seaman; Aleem Gillani; Vincent Sorgi

General Motors, the automobile manufacturer that had $104.3 billion in revenues in 2009, the year in which it filed for bankruptcy, named Daniel Ammann treasurer and vice president of finance. He succeeds Walter Borst, the company's treasurer since 2003, who is now CEO of Promark Global Advisors, the company's asset management subsidiary. Ammann, 37, most recently was a managing director and head of industrials investment banking at Morgan Stanley, where he had worked for 11 years.

PepsiCo, the $43.2 billion soft drink maker, promoted Hugh Johnston to CFO. He succeeds Richard Goodman, 61, who becomes executive vice president for IT, procurement, operations and post-merger integration. Johnston, 48, most recently served as executive vice president of global operations at Purchase, N.Y.-based PepsiCo. Since joining the company in 1987, he has worked in M&A, finance and strategy positions, including CFO for the beverages and foods unit and senior vice president of transformation.

USG Corp., a manufacturer of building materials with $3.2 billion of 2009 revenue, hired William Kelley Jr. as controller and vice president. He succeeds D. Rick Lowes, who was named senior vice president of finance. Kelley, 45, is joining Chicago-based USG from Pepsi Beverages, where he had been vice president of finance for field sales since 2007. Earlier, Kelley served as vice president for east group finance at Pepsi. He has also worked as an accountant for a unit of Cargill and at Arthur Andersen.

FMC Technologies, a $4.4 billion maker of technology for the energy industry, picked Maryann Seaman as deputy CFO, treasurer and vice president. As treasurer, she succeeds William Schumann, who remains the Houston-based company's CFO; deputy CFO is a new position for FMC. Seaman, 47, most recently served as vice president of administration. Since joining the company in 1986, she has worked in accounting and finance, including serving as director of investor relations and corporate development.

SunTrust Banks, a $10.4 billion financial institution, tapped Aleem Gillani as treasurer. He replaces Jerome Lienhar, 53, the bank's treasurer since 2006, who was appointed to the new position of senior vice president of strategic finance and administration. Gillani, 48, previously served as SunTrust's chief risk officer. Before he joined the Atlanta-based bank in 2007, he was chief market risk officer at PNC Financial Services Group. Earlier, Gillani held similar positions at BankBoston and FleetBoston.

PPL Corp., a $7.5 billion Allentown, Pa.-based utility that provides electricity in the U.S. and the U.K., promoted Vincent Sorgi to corporate controller and vice president. He succeeds J. Matt Simmons, who was named chief risk officer and vice president of risk management. Sorgi, 38, has been controller for PPL's supply unit since 2007. Before joining PPL in 2006, he worked at Public Service Enterprise Group in positions including director of business operations for PSEG Fossil and international controller for PSEG Global.


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