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GM accounting officer to retire; replacement named

DETROIT (AP) -- General Motors Co. said Wednesday that Nick Cyprus, its vice president, chief accounting officer and controller, has decided to retire.

Cyprus' retirement is effective July 15. He will be replaced by Thomas Timko, effective March 18.

Cyprus was named chief accounting officer and controller in 2006 and added the title of vice president in 2009.

Timko, 44, most recently served as corporate vice president, chief accounting officer and corporate controller at Applied Materials Inc. Before joining that company in 2010, he served as chief accounting officer and controller at Delphi Automotive for four years.

Shares of Detroit-based GM fell 6 cents to $28.49 in morning trading.

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