It’s been a couple of weeks since Dan Ammann was named General Motors’ CFO-to-be, but I’m still admiring his deft stab at securing some modicum of job security.
He’s moving into a hot seat. On April 1 he will become GM’s fourth CFO in two years. GM has had four CEOs in that span, too.
And that’s just the tip of the management-shuffle iceberg. GM has made a string of changes in its marketing, product development and engineering executives.
But Ammann plans to stay around for awhile, he assured the media during a conference call when he was named to replace Chris Liddell as CFO on March 10.
“I view this as a long-term commitment on my part,” Ammann said, adding that he looked forward to contributing to the automaker’s success “for many years to come.”
Liddell, who described himself as having an “incredible amount of confidence” in fellow New Zealander Ammann, said he was ready to move on and let someone else take the CFO job at for the “next three, five, or seven years.”
Hmm. Now those two have firmly planted the idea that Ammann will be GM’s CFO for at least several years. If GM announces that Ammann is out the door any time in the next, oh, 24 months, that will be a red flag to those of us in the media. There’ll be no doubt that such a change was not what had been anticipated.
And the questions about management turmoil would be sure to come, aimed not at Ammann, but at CEO Dan Akerson.