Summary
General Motors Co. (GM) filed an 8-K report on September 7, 2018, announcing the promotion of Christopher T. Hatto to Vice President, Controller, and Chief Accounting Officer, effective September 1, 2018. Mr. Hatto brings a wealth of experience to this role, having joined GM in 2007 and most recently serving as the Chief Financial Officer for U.S. Sales Operations. His prior roles include CFO for North American Customer Care and Aftersales and various regional controllership positions. This internal promotion signifies continuity in GM's financial leadership, particularly within its accounting and controllership functions. Investors can view this as a stable transition, with a known executive moving into a key financial oversight position. Mr. Hatto's compensation arrangements remain consistent with previously disclosed plans, ensuring no immediate changes to the company's incentive structures related to this appointment.
Key Highlights
- 1Christopher T. Hatto promoted to VP, Controller, and Chief Accounting Officer, effective September 1, 2018.
- 2Mr. Hatto has been with GM since September 2007, indicating internal promotion and retained institutional knowledge.
- 3Most recent role was CFO for U.S. Sales Operations since January 2016.
- 4Prior experience includes CFO for North American Customer Care and Aftersales and various regional controllership positions.
- 5Mr. Hatto will continue to participate in existing, previously disclosed incentive compensation plans.
- 6No new reportable relationships with GM or its affiliates outside of his employment.