Tom Timko was named vice president, global business services, on July 1, 2017. In this role he manages a global team charged with streamlining GM business processes to improve service quality, and reduce complexity and costs.
In addition to this role, he remains vice president, controller and chief accounting officer, positions he has held since 2013. In this capacity, Timko provides global leadership and oversight for external reporting, technical accounting matters, development of accounting policies, internal controls and the consolidations process. He is responsible for reporting financial results to the company’s senior leadership and the Board of Directors’ Audit Committee.
Timko is also responsible for the Global Strategic Risk Management Program, which focuses on improving risk governance and culture by driving a “risk” thought process into strategic and cross-functional decision-making based on a standardized approach across all layers of the business. He has hosted “GM Behind the Charts” presentations for investors on how GM reports results and to address investors’ questions.
Before joining GM, Timko was corporate vice president, chief accounting officer and corporate controller at Applied Materials Inc. In this role, he led the financial due diligence and integration for a multibillion-dollar acquisition, developed the company’s consolidated strategic and annual operating plans, established shareholder and analyst guidance and streamlined internal systems and processes to leverage a shared services environment and improve stakeholder service. He was also responsible for all technical accounting policies and procedures, internal controls and external reporting.
Timko previously was chief accounting officer and controller at Delphi Automotive, where he redefined and implemented a global controllership structure, improved the accuracy and timeliness of financial reporting and established world-class control processes. He was also assistant controller for Interpublic Group, where he was a key member of the turnaround team that successfully completed a five-year financial restatement. Timko also was the assistant controller at Dover Corporation, which he joined after 11 years at PricewaterhouseCoopers.
Timko graduated from Fairleigh Dickinson University in 1991 with a Bachelor of Science degree in accounting. He was recognized as one of Treasury & Risk magazine’s “2010 100 Most Influential People in Finance” and one of Crain’s Detroit Business’ “40 Under 40, Class of 2007” award, which recognizes top professionals who achieve significant business success.