A Reuters profile of General Motors CFO Dan Ammann says the finance chief is pushing for change at a company that critics argue is hopelessly inefficient. Although GM has emerged from bankruptcy, its stock trades under $20 and its operating margin trails those of its competitors.
Ammann suggests he’s looking to increase efficiency and eliminate the competition among GM’s units. The former Morgan Stanley investment banker joined GM as treasurer in 2010 after the company’s finance department came under fire for its failings during the 2009 bankruptcy filing. He was named CFO in 2011.