General Motors announced in March that its CFO and vice chairman, Chris Liddell, was stepping down. The automaker promoted Daniel Ammann, its treasurer and vice president of finance, to fill the spot of finance chief.
Ammann, 38, will be GM's fourth CFO in three years. He joined the company in April 2010 after working for 11 years as an investment banker at Morgan Stanley, where his final position was head of industrial investment banking. Like Liddell, he is a native of New Zealand.