Auto giant General Motors (GM) now has a lady at the helm after the company unanimously elected GM CEO Mary Barra as Chairman of The Board. She succeeds Theodore Solso, who will continue his post as the Board's Lead Independent Director.
According to Solso, Barra has put up a clear vision for the company over the the past two years and has a strong leadership team both inside and outside General Motors. This also allowed the company to introduce new vehicles and technologies added Solso.
“I am honored to serve as Chair of the Board of Directors. With the support of our Board, we will continue to drive shareholder value by improving our core business and leading in the transformation of personal mobility,” said Barra.
Prior to becoming CEO in 2014 and now as Chairman of the Board of GM, Barra first served as Executive Vice President for Global Product Development, Publishing, and Supply Chain since August 2013. Further back in February 2011, Barra was Senior Vice President of Global Product Development.
Barra first joined GM in 1985 as a co-op student at the Pontiac Motor Division. She graduated with a bachelor's degree in electrical engineering in 1985 and then received a GM fellowship in 1988. She then graduated with a Master of Business Administration Degree (MBA) from Stanford Graduate School of Business in 1990.