SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported) December 13, 2000
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GENERAL MOTORS CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 1-143 38-0572515
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (313) 556-5000
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ITEM 5. OTHER ITEMS
On December 13, 2000, General Motors Corporation's (GM) issued the following
press release announcing John M. Devine as vice chairman and chief financial
officer. The release is as follows:
John M. Devine Named GM's Chief Financial Officer
DETROIT - General Motors Corp. (NYSE: GM) today named veteran automotive
executive John M. Devine as vice chairman and chief financial officer, effective
Jan. 1, 2001. He will begin working for the company immediately and will report
to GM President and Chief Executive Officer Rick Wagoner.
Devine, 56, currently is chairman and chief executive officer of Fluid Ventures,
an e-business venture services firm with offices in San Francisco and New York.
He spent over 30 years at Ford Motor Co. and was CFO there from 1994 until
October 1999.
Devine's appointment was announced at a news conference by Wagoner.
"We're very excited to have an executive of John Devine's caliber join GM's
management team," Wagoner said. "His reputation as a straight-shooter who acts
in the best interest of stockholders is well-known on Wall Street and the
broader investor community. His skills and knowledge of the industry and
financial world will be major assets to General Motors.
"In John, we get someone who would be called a 'high-impact player' in the
sports world," Wagoner added. "Because of his intimate knowledge of the
industry, he will be able to contribute immediately. He has operated at the
highest levels of the auto industry and worked in Europe, Asia Pacific and North
America. He not only has broad financial experience, but also has had
significant operational duties that brought him in close contact with
product-development and marketing activities."
Devine joined Ford in 1967 as a financial analyst and held a variety of
supervisory and managerial positions in product development finance, and later
in Europe and the Asia-Pacific region. In 1986 he was named vice president of
northern Pacific business development and president of Ford Motor Co.-Japan, and
was elected to the Mazda Motor Corp. board of directors. He spent eleven years
in international assignments spending time in United Kingdom, Australia and
Japan.
He returned to the United States in 1988 and was named controller of truck
operations for Ford's North American automotive operations. He joined First
Nationwide Bank, a Ford subsidiary, later in 1988 as president and chief
operating officer and was appointed chairman and CEO in 1991. He returned to
Ford as vice president and corporate controller in June 1994 and was named group
vice president and CFO later that year. Within a year, he was promoted to
executive vice president and CFO, reporting to then-CEO Alex Trotman.
Devine was born May 13, 1944, in Pittsburgh, Pa. He and his wife, Pat, live in
suburban Detroit. They have two children. Devine holds a bachelor of science
degree in economics from Duquesne University and a master of business
administration degree from the University of Michigan.
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The search for CFO was conducted by Egon-Zehnder out of Chicago. General Motors,
the world's largest vehicle manufacturer, designs, builds and markets cars and
trucks worldwide. It employs about 395,000 people globally. GM is investing
aggressively in high technology and e-businesses within its global automotive
operations and through such initiatives as e-GM, GM BuyPower, OnStar and its
Hughes Electronics Corp. (NYSE: GMH) subsidiary.
GM also operates one of the world's largest and most successful financial
institutions, GMAC. More information on General Motors can be found at
www.gm.com.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL MOTORS CORPORATION
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(Registrant)
Date December 13, 2000
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By
/s/Peter R. Bible
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(Peter R. Bible,
Chief Accounting Officer)
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