Microsoft CFO Chris Liddell to Leave for General Motors
Microsoft CFO Chris Liddell will become the vice chairman and chief financial officer of General Motors in 2010, with plans to step down from his position at Microsoft on Dec. 31. Liddell's title as vice chairman at General Motors will presumably give him more leverage in helping steer the battered automaker. Liddell enacted several cost-cutting measures at Microsoft in 2009 in an attempt to bolster the company's bottom line as the recession forced it into a pattern of declining revenues.Microsoft CFO Chris Liddell will become the vice chairman and chief financial officer of General Motors in 2010, according to a Dec. 21 statement released by the auto company. Liddell is leaving Microsoft on Dec. 31. As chief of Microsoft's finance organization, he oversaw acquisitions, corporate strategy, treasury activities, tax planning, accounting and reporting, internal audit, and investor relations. Presumably, he will perform similar functions at General Motors, although the statement did not delineate the particulars of his new position.
"Chris brings a depth and experience to this job that were unmatched in our search for a new financial leader," Ed Whitacre, General Motors chairman and CEO, said in the statement. "Chris will lead our financial and accounting operations on a global basis and will report directly to me. We're also looking to his experience and insights in corporate strategy as a member of the senior leadership team in helping our restructuring efforts."