GM Appoints Ray Young to Newly Created Senior Finance Role
General Motors has promoted Ray Young to vice president, international operations, reporting to Tim Lee, president of GM international operations, effective 1 February 2010. In this newly created role, Young will lead the international operations finance organisation, in addition to other international operating responsibilities that will be further clarified in the near term.
In addition, he will continue to be GM’s chief financial officer (CFO) until a replacement is named. Young has served as GM’s CFO since March 2008. Previously, he was GM group vice president, finance, since November 2007.
Young completed his bachelor’s degree in Business Administration at the Ivey School of Business at the University of Western Ontario and his master’s degree in Business Administration at the University of Chicago in 1986, specialising in international business.
He joined the finance staff of GM at its Canadian headquarters in Oshawa, Ontario, and was transferred to the GM Treasury Operations in New York City in 1988, where he progressed through various management positions. In 1993, he became GM’s European regional treasurer based in Brussels, Belgium, responsible for GM Europe’s corporate finance and treasury activities. In 1996, Young returned to North America and became vice president of finance of CAMI Automotive, a 50/50 joint venture with Suzuki Motor Company.
In 1998, Young joined Suzuki Motor Company at its headquarters in Hamamatsu, Japan. In this capacity, Young initiated a new phase of the global strategic alliance with Suzuki and was responsible for a number of collaborative ventures around the world between Suzuki and GM. In addition, Young served as a member of GM’s Asia-Pacific Strategy Board.
In August 2001, Young became GM North America vice president and CFO. He also served on the GM North America Strategy Board. He became president and managing director of GM do Brasil and Mercosur Operations, beginning in January 2004, and relocated to Brasil.