GM's CFO Ray Young likely to resign

• Source: Global Times
• [10:38 September 10 2009]
• Comments

Ray Young

The Detroit News has reported that General Motors Co. Chief Financial Officer Ray Young will resign in the next few weeks.

Young, 47, has been CFO since March 2008.

According to a source familiar with the issue, GM has hired a headhunting firm to find Young's replacement. GM spokesman Chris Preuss declined to comment and Young did not reply to an e-mail seeking comment.

Young's expected departure is one of several possible changes among senior executives, and the board is reviewing other positions, the source said.

Agencies and Shi Jierui contributed to this story