General Motors Co. has elevated corporate “insider” Chuck Stevens to CFO of the company from his prior post as finance chief of GM North America, The Wall Street Journal reported Tuesday.
Stevens succeeds Dan Ammann, who was named president today. John Stapleton, currently CFO of GM global manufacturing, will step into Stevens’s previous slot. Stevens first joined the company in 1983 at Buick, and became the CFO of GM North America in 2010.
The moves come about a month after Mary Barra, the company’s former product chief, became CEO and the U.S. Treasury Department sold its final shares in the company. That move made it much easier for GM to issue its first quarterly dividend since May 2008 — which the company also announced — and select new top executives with greater freedom to pay market compensation, which the government had restrained for several years.