DETROIT -- General Motors has hired Julia Steyn, former vice president of aluminum giant Alcoa Inc., to lead its global mergers and acquisitions efforts effective April 1.
The announcement was made Thursday in a memo to GM executives.
Steyn, whose title will be vice president of global mergers and acquisitions and new business development, will report to GM Vice Chairman Steve Girsky, according to the memo. She will oversee new business initiatives and global product alliances, as well as the ongoing alignment with key business partners such as Fiat, Isuzu, LG, Peugeot, Renault and SAIC, according to the memo.
Steyn joined Alcoa in 2008 as a director in the company's business development organization after six years at Goldman Sachs when she worked in London, Moscow and New York, according to a profile by Forbes magazine. She was announced as Alcoa's vice president and co-managing director on Nov. 30, 2010.
GM recently announced it would acquire 7 percent of French automaker PSA Peugeot Citroen as part of its plan to fix ongoing problems with Opel, paying 320 million euros ($423 million) as part of an alliance aimed at saving the companies about $2 billion combined within about five years.