Directorate Change

GM Appoints New GMAC President 
 
                            Khattri Appointed CFO 
 
    DETROIT, Feb. 11 -- William F. (Bill) Muir, 49, will become 
president of GMAC effective March 1, General Motors Chairman and Chief 
Executive Officer Rick Wagoner announced today.  In his new role, Muir will 
run GMAC's global automotive finance and insurance operations and will report 
to Eric Feldstein, GMAC chairman.  Muir has been GMAC's chief financial 
officer since 1998 and also has acted as chairman of GMAC's Insurance Group 
since 1999.   
    'This further strengthens GMAC's leadership structure and will help them 
build on their strong results and achieve even greater integration across 
their global financing and insurance operations,' said Wagoner.   
    'Bill has done a tremendous job managing GMAC's capital requirements 
through turbulent market conditions.  His extensive financial and operating 
experience makes him a perfect fit for this new role,' said Feldstein.    
    Replacing Muir as GMAC executive vice president and chief financial 
officer is Sanjiv Khattri, 39, currently assistant treasurer of GM.  Khattri 
will be in charge of GMAC's global funding, financial reporting and risk 
management activities.  He will become a member of the GMAC board of directors 
and will also join the boards of GMAC's mortgage, insurance, and commercial 
finance operations. 
    'Sanjiv has made a huge contribution to the GM finance staff,' said GM 
Vice Chairman and Chief Financial Officer John Devine.  'GMAC certainly stands 
to benefit from Sanjiv's high energy, strong operating skills and expertise in 
the capital markets.' 
    Muir joined GM in 1983 at the Treasurer's Office in New York.  He was 
appointed director of Foreign Exchange and International Cash Management in 
1986 and was named director of Overseas Borrowings a year later.  In 1989, he 
became director of Corporate Finance and Investor Relations and was named 
general director of Business Development in 1990.  Muir first joined GMAC in 
1992 when he was appointed vice president of National Accounts.  In 1995, he 
was named vice president of Eastern U.S. Operations.  In 1996, Muir 
transferred to GM's Delphi Automotive Systems as executive-in-charge of 
Operations.  Muir returned to GMAC in February 1998 as executive vice 
president and chief financial officer.  He was given the additional title of 
chairman of GMAC's Insurance Group in June 1999.  Muir earned a bachelor's 
degree in Industrial Engineering and Operations Research from Cornell 
University in 1977.  He earned a master's degree in Business Administration 
from Harvard University in 1983. 
    Khattri began his GM career at the New York Treasurer's Office in 1989.  
He held a number of assignments before becoming director of Capital Planning 
in 1994.  The following year, Khattri was named director of Special Projects 
and Financial Planning for GM Europe/GM International Operations, both based 
in Zurich, Switzerland.  In 1998, Khattri was appointed comptroller of Sales, 
Marketing and Customer Care for GM's Vauxhall subsidiary in the United 
Kingdom.  He returned to the New York Treasurer's Office as assistant 
treasurer in 2001.  Khattri received a bachelor's degree in Production 
Engineering from Panjab University in 1987 and a master's degree in Business 
Administration from the University of Michigan in 1989. 
    General Motors Corp. (NYSE: GM), the world's largest vehicle manufacturer, 
employs 325,000 people globally.  Founded in 1908, GM has been the global 
automotive sales leader since 1931.  GM today has manufacturing operations in 
32 countries and its vehicles are sold in 192 countries.  In 2003, GM sold 
nearly 8.6 million cars and trucks, about 15 percent of the global vehicle 
market.  GM's global headquarters is at the GM Renaissance Center in Detroit.  
More information on GM and its products can be found on the company's 
corporate website at www.gm.com . 
 
SOURCE  General Motors Corporation 
    -0-                             02/11/2004 P 
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