GMAC Mexico CEO Steps Down

Jose Landa, president and CEO of GMAC Financiera, has resigned. Mauricio Alberto Jannet, director of origination and capital markets and 9-year veteran of the institution, will take his place immediately, the Sofol says. GMAC did not indicate the reason for Landa’s departure. The move follows downgrades for the parent company amid difficulties related to the US subprime crisis. It came close to selling the GMAC Hipotecaria and GMAC Financiera units to Ixe this summer.