Directorate Change

GM Names Borst Corporate Treasurer 
 
    NEW YORK, Dec. 20 -- General Motors Corporation today 
appointed Walter G. Borst as Treasurer.  Borst is currently executive director 
of Finance and Chief Financial Officer for GM's German subsidiary, Adam Opel 
A.G.  
    In his new position, Borst will lead the GM Treasurer's Office, based in 
New York, with additional operations in Detroit, Brussels and Singapore.  The 
global treasury operations include capital planning, business development and 
analysis, risk management, worldwide pension funding and analysis, worldwide 
banking, and overseas and domestic finance. 
    Borst will continue as CFO of Adam Opel AG until January 31, 2003, while 
transitioning to his new position.  A successor in Ruesselsheim will be named 
at a later date. 
    'Walter brings solid experience in the Treasurer's Office, as well as 
important operational experience, to the post of GM Treasurer,' said GM Vice 
Chairman and Chief Financial Officer John Devine.  'The combination of finance 
and operational experience is increasingly important in the company's efforts 
to produce great cars and trucks through efficient capital spending, and in 
improving our financial performance and strengthening our balance sheet.' 
    Borst, 41, has been CFO of Adam Opel A.G., based in Ruesselsheim, Germany, 
since October 2000.  Previously, he served as assistant treasurer in the GM 
Treasurer's Office from 1997 - 2000. 
    He also has served as controller for Adam Opel Manufacturing, director of 
Financial Analysis and Planning for GM Europe in Zurich, and a variety of 
early assignments in GM treasury operations and GM Finance in Detroit.  Borst 
joined GM in 1980 as a cooperative student. 
    He earned a master's degree in business administration from Stanford 
University under the GM Sloan Fellowship program (1987), and a bachelor's 
degree in finance from Kettering University in Flint, Mich. (1985). 
    General Motors (NYSE: GM), the world's largest vehicle manufacturer, 
designs, builds and markets cars and trucks worldwide, and has been the global 
automotive sales leader since 1931.  More information on General Motors can be 
found at www.gm.com . 
 
SOURCE  General Motors Corporation 
    -0-                             12/20/2002 P 
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