Dan Ammann
Dan Ammann | |
|---|---|
| Born | Eureka, New Zealand |
| Citizenship | American New Zealander |
| Alma mater | University of Waikato |
| Occupation(s) | Business executive Investment banker |
| Title | President of General Motors (2015–18) CEO of Cruise (2019 to present) |
Dan Ammann is a New Zealand business executive. He is the current CEO of Cruise, having served as the President of General Motors (GM) between 2015 and 2019. Ammann joined GM as Treasurer following its 2009 bankruptcy, and also served as the company's CFO. Prior to GM, Ammann was a managing director and head of industrial investment banking for Morgan Stanley.
Early life
Dan Ammann was born and raised in Eureka, a rural area outside of Hamilton, New Zealand. In 1994 he graduated from the University of Waikato with a Bachelor of Management Studies with first class honours. He is now a US citizen as well.[1]
Investment banking
Ammann began his career as an investment banker,[2] starting as an analyst and associate of the New Zealand banking team of Credit Suisse First Boston in 1993. He moved to New York City in 1997, and continued to work for Credit Suisse until moving to Morgan Stanley in 1999. In 2004,[1] he was appointed the position of managing director and head of industrial investment banking for Morgan Stanley.[3] At Morgan Stanley, Ammann worked with clients in the technology, service, and manufacturing industries, helping with mergers, acquisitions, raising capital, and restructuring.[4]
GM
Ammann joined GM in 2010 as the company's Treasurer[5] following the financial crash, and became the company's CFO in 2011.[4] In addition to helping to lead GM's automotive business, he also worked to lead GM Financial.[3] Ammann later served as executive vice-president of GM,[3] before becoming the company's President[6] in 2015.[7] As President he was charged with leading product groups including Cadillac and Cruise,[8] having been closely involved with the leadership of Cruise since its acquisition by GM in 2016,[9] growing the company from forty to around one thousand employees. During his tenure, Ammann led GM to exit its businesses that were underperforming and transition its focus to electric and automated vehicles.[5]
Cruise
Ammann served as the President of GM until 1 January 2019,[5][10] when he was named the CEO of Cruise, the self-driving automobiles division of GM.[11] As CEO of Cruise, he also remained a member of the GM CEO's leadership team.[2]
Personal life
Ammann is married and has two children.[1]
References
- ^ a b c "Profile: Dan Ammann". Stuff.
- ^ a b DeBord, Matthew. "GM President Dan Ammann is taking over as CEO of the Cruise self-driving division as the company pushes toward a commercial launch in 2019". Business Insider.
- ^ a b c "Meet Dan Ammann, one of Fast Company's Most Creative People". Fast Company.
- ^ a b Harris, Roy (11 March 2011). "New GM CFO Ammann Brings Investing Skills to the Job". CSO Online.
- ^ a b c "Ammann's move shifts GM leadership dynamic". Automotive News. 3 December 2018.
- ^ David Welch (6 February 2019). "New CEO of GM's Cruise to Get Millions If Unit Sells or Has IPO". Bloomberg.
- ^ Colby, Laura (12 February 2015). "Road to Power: How GM's Mary Barra Shattered the Glass Ceiling". John Wiley & Sons – via Google Books.
- ^ Naughton, Nora. "Top GM execs get new responsibilities under AV push". Detroit News.
- ^ Naughton, Nora. "GM looks to new president Mark Reuss for electric, driverless future". Detroit News.
- ^ "GM's incentive plan for Cruise chief points to IPO: SEC filing". 7 February 2019 – via www.reuters.com.
- ^ DeBord, Matthew. "Speculation about an IPO of GM's Cruise self-driving division is premature". Business Insider.