GE Hires GM's Chief Accounting Officer Thomas Timko
July 26 2018 - 7:57PM
Dow Jones News
By Maria Armental
General Motors Co.'s chief accounting officer is heading to
General Electric Co., as the company wrestles with a long-awaited
reorganization it hopes will set it on a path to recovery.
Thomas S. Timko, 50 years old, notified GM on Thursday he would
be leaving Sept. 7.
GE said Thursday that Jan Hauser -- a former
PricewaterhouseCoopers partner who joined the company in 2013 as
vice president, controller and chief accounting officer -- had
alerted the company two days earlier of her intention to
retire.
Ms. Hauser will stay on the job until Mr. Timko joins GE and
help with the transition, the company said in a securities
filing.
GE didn't disclose financial details of Mr. Timko's contract
beyond saying he would receive a sign-on bonus and grants of
restricted stock units with a value reflecting compensation
forfeited with his former employer. The grants would vest over
three years.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
July 26, 2018 19:42 ET (23:42 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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