GM Korea's first female CFO is Filipina

Posted at 01/29/2013 10:43 AM | Updated as of 01/30/2013 9:09 AM

Minerva Matibag

MANILA, Philippines - GM Korea, the South Korean unit of General Motors Co., has appointed Filipina Minerva Matibag as vice president and its first female chief financial officer.

Matibag will replace Carlos Zarlenga effective Feb. 1. 

The Korea Times last week reported Matibag will also serve as vice president and CFO for GM Vietnam and GM Uzbekistan. She currently holds the position of CFO at GM Brazil. 

"As GM Korea's first female CFO, she brings a wealth of experience in finance in Asia Pacific and North and South America to her important new position," GM Korea President and CEO Sergio Rocha has said.

Matibag has been with General Motors since 1997 and has held finance leadership positions for the firm's units in Singapore, Japan and Thailand. 

Zarlenga, meanwhile, will start serving as CFO for GM Brazil and GM South America effective Feb. 1.