General Motors announced Wednesday it named Jeffrey Taylor as its new chief compliance officer.
Taylor, 51, joined the company last fall as a deputy general counsel and was responsible for working with the federal monitor appointed to oversee GM’s safety policies as part of a $900 million deferred prosecution agreement .
[caption id="attachment_13769" align="alignleft” width="322"][Image “Jeffrey Taylor” (src=https://bol.bna.com/wp-content/uploads/2016/04/Jeffrey-Taylor-640x360.jpg)]Jeffrey Taylor[/caption]
In his new role, he will continue as a deputy general counsel reporting to Craig Glidden, the executive vice president and general counsel.
Taylor’s new responsibilities include ensuring ethical compliance, internal and external investigations, and he will also “oversee strategy, communications and training concerning GM’s code of conduct ‘Winning with Integrity’, which governs the ethical and legal obligations of GM’s Board, executives, and more than 75,000 employees around the world,” the company said.
A company spokesman said Taylor was not available for comment.
Winning with Integrity is a 16-page document released in January, and signed by CEO Mary Barra, that lays out how the company’s objectives on everything from workplace conduct and insider trading to its policy on the environment.
For more than two years, the company has been battling a scandal related to faulty ignition switches, which could malfunction and shut off the engine and disable the safety features such as airbags. The defect was linked to 124 deaths, and an internal study commissioned by GM found that lawyers and engineers knew about the problem for years before a 2014 recall of 2.59 million cars. Since then, the company has been plagued by hundreds of lawsuits.
The auto industry is currently experiencing more scrutiny as VW rides out its emissions scandal, and Bloomberg reported on Monday that Ford and Chrysler are bracing for their own emission-scandals.
Taylor was hired to work with the federal monitor Bart Schwartz who is overseeing the company’s safety policies.
From 2006 to 2009, he was the U.S. attorney for the District of Columbia and enjoyed a long career in the Department of Justice, including as counselor to Attorney Generals John Aschroft and Alberto Gonzales, and started out at the department as an assistant U.S. attorney in 1995.
Immediately prior to joining GM, he worked as general counsel of Raytheon Integrated Defense Systems in Massachusetts.