GMAC Appoints Walker Group Vice President
11 Februar 2004 - 10:57PM
PR Newswire (US)
GMAC Appoints Walker Group Vice President Leadership move is one of
several to take place March 1 DETROIT, Feb. 11 /PRNewswire/ --
David C. Walker, 43, has been appointed GMAC Group Vice President
and CFO GMAC Mortgage Group, GMAC Chairman Eric Feldstein announced
today. The move is effective March 1, 2004. "This move recognizes
Dave's expanded stewardship in our growing mortgage operations and
his strategic leadership in key funding and restructuring
initiatives," Feldstein said. "His keen business insight, expertise
in the capital markets and leadership at our mortgage operations
have made a significant contribution to GMAC's success. GMAC will
benefit tremendously from Dave's expanded role." Walker joined GM
in 1985 at GMAC in the Borrowings department in Detroit. He was
appointed director of Liability Management in 1992 and named
director of U.S. Funding and Securitization in 1998. In 2000, he
was promoted to GMAC vice president and chief financial officer of
Mortgage Operations. Walker earned a bachelor's degree in Applied
Mathematics/Economics from Brown University in 1982 and a master's
degree in Business Administration from the University of Michigan
in 1984. Walker's appointment is one of several GMAC leadership
changes thatgo into effect March 1. In a separate release earlier
today, GM announced the promotion of William F. (Bill) Muir, 49, to
GMAC president, and Sanjiv Khattri, 39, to GMAC chief financial
officer. Muir, who has served as GMAC's CFO and chairman of GMAC's
Insurance Group, will now oversee GMAC's global automotive and
insurance operations. Khattri, currently assistant treasurer for
GM, will succeed Muir as CFO in charge of global funding, financial
reporting and risk management. Muir, Khattri and Walker will report
to GMAC Chairman Eric Feldstein. (For more information on this
announcement, visit http://media.gm.com/ .) Other GMAC leadership
changes include the following: GMAC Executive Vice President John
Gibson has been appointed President, GMAC North America; GMAC
Executive Vice President Richard (Dick) Clout has been appointed
President, GMAC International Operations. Both will report to Muir.
General Motors Acceptance Corporation and its subsidiaries,
operating under the umbrella GMAC Financial Services, provide
automotive financing, commercial finance, insurance and mortgage
products, and real estate services, and have a presence in 41
nations. A wholly owned subsidiary of General Motors since 1919,
GMAC has extended more than $1 trillion in credit to finance
upwards of 150 million vehicles. DATASOURCE: GMAC CONTACT: James
Farmer, +1-313-665-6091, , or Anne Marie Sylvester,
+1-248-263-3060, , both of GMAC Web site: http://media.gm.com/
http://www.gm.com/
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