Walter G. Borst (48) today has been elected Chairman of the Supervisory Board of Adam Opel GmbH.
His ties with Opel go back to the nineties when he served as resident controller for Opel's Rüsselsheim manufacturing plant from 1995 to 1997, after serving as director of financial analysis and planning for GM Europe in Zurich. Borst later became Opel’s chief financial officer, based in Rüsselsheim, Germany, from October 2000 until January 2003.
"I have tremendous respect and admiration for the Opel brand, its products and its highly committed employees. I am very confident that Opel has a bright future, and I am looking forward to contribute in my new role as head of the Opel supervisory board", said Borst.
“Walter Borst is a Supervisory Board Chairman who has been connected to Opel and Europe for a long time. He is well aware of the German codetermination process, so that he can well bridge between GM and Opel / Vauxhall”, said Klaus Franz, Deputy Chairman of the Supervisory Board.
Borst was named Vice President and Treasurer of General Motors Company in August 2009. He was previously Treasurer of General Motors Corporation since February 2003. The global GM treasury operations include capital planning, business development, risk management, pension funding, real estate, banking, and overseas and domestic finance. He also serves on the board of directors of Nexteer and was previously on the board of directors of GMAC.
