General Motors Co's German unit Adam Opel GmbH said Tuesday it had named company veteran Walter Borst as chairman of Opel's supervisory board, according to Associated Press.
A supervisory board is like a board of directors. Opel is based in Ruesselsheim, near Frankfurt.
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Borst, 48, a U.S. citizen, worked with Opel previously as resident controller for Opel's Ruesselsheim manufacturing plant from 1995 to 1997, after serving as director of financial analysis and planning for GM Europe in Zurich. He later became Opel's chief financial officer from October 2000 until January 2003.
He was named vice president and treasurer of General Motors Company in August 2009. Borst was previously treasurer of General Motors Corporation from February 2003.
GM shocked European governments and employees last month by abruptly canceling the planned sale of a majority in Opel to a consortium of Canadian auto parts maker Magna International Inc. (NYSE: MGA) and Russian lender Sberbank.
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