Ray G. Young named GM Group Vice President, Finance

Financial staff strengthened to support additional global growth

General Motors today announced a series of leadership changes, effective November 1, 2007, designed to further strengthen GM's financial organization and support the company's rapid global growth.

Ray G. Young, 45, currently President and Managing Director of GM do Brasil, is named to the new position of Group Vice President, Finance. Reporting to Young will be the CFOs for the regions and the key business functions, along with internal audit, investor relations, tax and real estate. Young will report to Fritz Henderson, Vice Chairman and CFO.

Jaime Ardila, 52, currently GM LAAM Vice President and Chief Financial Officer for GM Latin America, Africa and Middle East, will become President and Managing Director of GM do Brasil. In his new post, Ardila will report to Maureen Kempston-Darkes, GM Group Vice President, and President, GM Latin America, Africa and Middle East.

Joe Fleck, 53, currently Executive Director, Global Product Development Finance, will become GM LAAM Vice President and Chief Financial Officer for GM Latin America, Africa and Middle East. He will report to Ray Young and Maureen Kempston-Darkes.

Ron Pniewski, 52, currently GMNA Vice President, Global Portfolio Planning will become Executive Director, Global Product Development Finance. Pniewski will report to Ray Young and Bob Lutz, Vice Chairman, Global Product Development.

Mary Sipes, 46, currently Vehicle Line Director Full Size Trucks, will become GMNA Vice President Product Planning and Executive Director, Global Portfolio Integration. Sipes will report to John Smith, Group Vice President, Global Product Planning and to Troy Clarke, Group Vice President and President GM North America.

GM is continuing its rapid global growth, recording record Q2 sales in its three regions outside of North America. The company also continues to make significant progress in its North American turnaround, with strong new products and significantly improved business results.