Mary Barra Named New GM Chairman of the Board
General Motors CEO Mary Barra has been named the unanimous choice for GM’s Chairman of the Board, effective January 4th. Barra, who has been the company’s CEO since January 15th, 2014, succeeds Tim Solso, who will remain in the role of Lead Independent Director for the General Motors Board of Directors.
“At a time of unprecedented industry change, the Board concluded it is in the best interests of the company to combine the roles of Chair and CEO in order to drive the most efficient execution of our plan and vision for the future,” said Solso. “With GM consistently delivering on its targets and on track to generate significant value for its shareholders, this is the right time for Mary to assume this role.”
Barra was cited by Solso as being the unanimous choice for her leadership and forward-facing approach in the midst of a number of recalls, as well as for steering the ship to record sales and profits as well as new innovations in terms of mobility and electrified vehicle development.
“I am honored to serve as Chair of the Board of Directors,” said Barra. “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.”