General Motors has hired a new treasurer – Deere & Co.'s Jim Davlin – filling out the automaker's financial team after it was shaken up this spring by former Chief Financial Officer Chris Liddell's departure.
Davlin, 47, was vice president of corporate strategy and business development for Deere & Co., an Iowa-based firm that makes John Deere farm and construction equipment. He had served as the firm's treasurer from 2007 to 2010.
He will report to GM CFO Dan Ammann, who had held the treasurer position until Liddell left in April after 14 months with the automaker.
As treasurer, Davlin will oversee capital planning, stock market activities, worldwide banking and pension funding. He starts his job October 3.
"Much of his immediate focus will be on maintaining our fortress balance sheet, de-risking our pension plans and achieving investment grade credit ratings," Ammann said today in a statement.
Davlin has a bachelor's degree in economics and philosophy from Wabash College, an all men's school in Indiana; an MBA in finance and marketing from the University of Chicago; and a law degree from Duke University. Along with his Deere experience, he has worked for Procter & Gamble and Eli Lilly.