DETROIT, Oct. 30, 2020 /PRNewswire/ -- General Motors
Co. (NYSE: GM) announced today that Paul
Jacobson has joined the company as executive vice president
and chief financial officer, effective Dec.
1. He will report to GM Chairman and CEO Mary Barra.
Since 2012, Jacobson, 48, served as CFO of Delta Air Lines,
Inc., a company he helped transform into one of Fortune
magazine's Top 50 Most Admired Companies for six consecutive years
and the top-ranked airline for eight out of nine years.
"Paul is a great addition to the GM senior leadership team and
is dedicated to leading the company for the benefit of all
stakeholders – customers, employees, suppliers, communities and
shareholders," said Barra. "We share a commitment to teamwork and
inclusion as we work toward our vision of a future with zero
crashes, zero emissions and zero congestion while delivering a
best-in-class customer experience, operational and financial
excellence, and disciplined capital allocation."
"GM's vision is compelling because it embraces the needs of
society, customers and investors, and they are executing an
historic technology shift to electrification from a position of
strength," Jacobson said. "I look forward to joining the team and
helping them accelerate their plan."
Mr. Jacobson joined Delta as a financial analyst in 1997, and
held several positions there, including serving as senior vice
president and treasurer. In March
2012, he became chief financial officer. He was named the
airline industry's best CFO eight times by Institutional Investor
magazine's poll of Wall Street analysts and investors.
Jacobson graduated from Auburn
University with a bachelor's degree in aviation management
and later received a Master of Business Administration degree from
the Owen Graduate School of Management at Vanderbilt University.
He serves on the board of trustees for the Auburn University Foundation, The Harbert College
of Business Advisory Council at Auburn and The Owen Graduate School
of Management Board of Visitors at Vanderbilt.
John Stapleton, GM acting CFO
since Aug. 31, will continue as
North America chief financial
officer, a position he has held since January 2014.
"I appreciate John's leadership and willingness to take on two
roles during our search for a new CFO," Barra said. "John's
passion for operations allowed us to take full advantage of the
market recovery in North America,
and he has helped the entire company meet the global challenges of
the COVID-19 pandemic, execute aggressive plans to protect our
finances, and drive strong launch and sales performance. With John
once again fully focused on our opportunities in North America, I am very confident our
momentum will continue."
General Motors (NYSE:GM) is a global company
committed to delivering safer, better and more sustainable ways for
people to get around. General Motors, its subsidiaries and its
joint venture entities sell vehicles under
the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands.
More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and
security services, can be found at https://www.gm.com.
SOURCE General Motors Co.