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Drones over U.S. may pose security risks
DETROIT, Dec. 14 (UPI) -- U.S. auto giant General Motors Co. said Monday its chief financial officer, Ray Young, will be reassigned when a new chief financial officer is found.
Young will take over as vice president of International operations under Operations President Tim Lee, the Detroit Free Press reported Monday.
With an industrial-sized administrative shake-up at GM, an announcement weeks ago that GM would replace Young left his own future open to question.
Former Chief Executive Officer Fritz Henderson resigned abruptly Dec. 1, with Chairman Ed Whitacre Jr. taking his CEO responsibilities on an interim basis.
Within a week, former Vice Chairman Bob Lutz had been reassigned and a cadre of younger executives moved up in the ranks.
In a statement, Whitacre said Young "has been instrumental in leading the company through an extraordinarily complex bankruptcy and subsequent actions take to reshape GM's business."
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