Posted by Robert Snell (The Detroit News) on Mon, Nov 16, 2009 at 9:53 AM
GM financial exec mum on reassignment
Ray Young, chief financial officer of General Motors Co., appeared on the sidelines of the automaker's third-quarter results announcement this morning and deflected reports that he will be replaced soon.
The Detroit News earlier this month reported that GM is considering former AT&T Vice Chairman Charles Noski among roughly seven candidates to replace Young, who heads a financial department that drew intense criticism from the White House this year.
"I've got a lot of work to do," Young said. "I'm keeping my head down. I want to be part of the team that turns around this company."
Once a new chief financial officer is hired, Young is expected to be reassigned to help run GM's international operations.
