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GM Appoints Walter G. Borst As Treasurer

December 20, 2002

DETROIT (AP) _ General Motors Corp. appointed Walter G. Borst on Friday as treasurer for the world’s largest automaker.

Borst succeeds Eric A. Feldstein, who last month was appointed to lead GM’s financial arm. Feldstein was promoted to GM group vice president and president of General Motors Acceptance Corp.

Borst, who will lead the New York-based treasurer’s office, currently serves as executive director of finance and chief financial officer for GM’s German subsidiary, Adam Opel AG.

``Walter brings solid experience ... as well as important operational experience, to the post of GM treasurer,″ company vice chairman and CFO John Devine said in a statement.

Borst, 41, will continue as CFO of Adam Opel AG until Jan. 31 while making the transition to his new position. A successor with Adam Opel will be named at a later date.


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General Motors Corp., http://www.gm.com

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