General Motors (GM) CFO Shocks Company with Resignation

Saying he has achieved his goal of successfully navigating General Motors (NYSE:GM) through the IPO process, chief financial officer Chris Liddell said he no longer wants to be CFO, and resigned from his position.

Liddell will stay on until April 1, when he'll be replaced by Treasurer Dan Ammann. Liddell had been in the position for 14 months.

This must of been a hasty decision by Liddell as evidenced by the apparent hasty nature of the conference call put together for reporters. That speaks to something triggering his decision within the company or a personal circumstance demanding his immediate attention.

Liddell said after the successful implementation of the IPO, along with righting the accounting problems of the company and getting things back on healthy financial footing, he felt his purpose at the company was over.

Either way, it seems to have surprised everyone by its suddenness.

General Motors was trading at $31.56, down $0.69, or 2.14 percent, as of 12:05 PM EST.