• Sign in to follow this  
    Followers 0

    GM CEO Mary Barra Adds A New Title, Chairman of the Board


    • A New Chairman of the Board Is Announced At GM


    General Motors announced today that by a unanimous vote by the board, current CEO Mary Barra will become the next chairman of the board. She is the first woman to hold this position, much as she was the first woman CEO of the Detroit automakers. The appointment was announced yesterday and Barra will continue to be CEO.

     

    “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.” Barra said in a statement.

     

    Barra's predecessor, Tim Solso will stay on the board as the lead independent director.

     

    “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. 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,” Solso said about Barra in a statement.

     

    Source: General Motors

    Press Release is on Page 2


     

    Barra Named Chairman of GM Board of Directors, Solso to Stay on as Lead Independent Director

     

    DETROIT – The General Motors Board of Directors today announced it has unanimously elected Mary Barra as its next Chairman, effective immediately. She succeeds Theodore (Tim) Solso, who will continue serving as the Board’s Lead Independent Director.
    Barra has served as GM CEO since Jan. 15, 2014.
    “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.”
    Solso indicated Barra has set a clear vision for the organization over the past two years, formed a strong leadership team from inside and outside the company, delivered strong operating results and led the introduction of breakthrough vehicles and technologies.
    “The Board has improved the overall governance of the company over the past two years and as Lead Independent Director, I expect to continue to build on this solid foundation,” Solso said. “The Board also plans to broaden its active engagement with shareholders as we go forward.”
    Said Barra: “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.”
    Prior to being named CEO in 2014, Barra served as executive vice president, Global Product Development, Purchasing & Supply Chain since August 2013, and as senior vice president, Global Product Development since February 2011. In these roles, she was responsible for the design, engineering, program management and quality of GM vehicles around the world.
    Previously, Barra served as GM vice president, Global Human Resources; vice president, Global Manufacturing Engineering; plant manager, Detroit Hamtramck Assembly; executive director of Competitive Operations Engineering; and in several engineering and staff positions.
    In 1990, Barra graduated with an MBA from the Stanford Graduate School of Business after receiving a GM fellowship in 1988.
    Barra began her career with GM in 1980 as a General Motors Institute (Kettering University) co-op student at the Pontiac Motor Division. She graduated with a bachelor’s degree in electrical engineering in 1985.

    0


    Sign in to follow this  
    Followers 0


    User Feedback




    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. gmfannyc
      gmfannyc
      (34 years old)
  • Similar Content

    • By dfelt
      G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com
      GM CEO Mary Barra states BOLT will be platform for complete series of EVs!
      This is exciting to see in this interview that Road/Show posted with GM CEO Mary Barra who was excited to talk about the BOLT and was asked about a Hybrid or EV Camero and she says anything is possible. This was based on the interviewer asking her thoughts about the Hybrid announcement by FORD of the mustang. They also talked about Hybrid trucks in California and Fords announcements of other EV's and Hybrids. Much more on Crossovers / SUVs etc. They also talk about Cadillac subscription service. Pretty good interview only 4:46 min long. Currently driving an XT5.
      Road/Show chat with GM CEO Mary Barra
    • By William Maley
      Yesterday, news broke that General Motors and PSA Group (owner of Peugeot and Citroen) were in discussions on possibly selling Opel and Vauxhall. Already, the possible sale is under intense scrutiny from various European governments and unions. There are concerns about jobs being cut with this deal, and none are too happy that officials from local governments and unions were not included in the talks. There is also the possibility of political backlash coming to Germany and France as both will be holding elections later this year.
      "It's unclear whether GM will keep an Opel stake, who pays what and if anything will go through at all, given the political backlash," a source told Reuters.
      GM and PSA have declined to say what possible cuts to the workforce, plants, and other items that could be part of the deal. GM Europe employs roughly 38,000 workers - 19,000 are in Germany.
      “Almost all experts say that with this deal now being prepared between the large French, almost state-owned conglomerate and Opel, that especially the German Opel plants may be on the losing side,” saud Rainer Einenkel -- former works council chief at Opel’s Bochum plant, which was shut down.
      “The government has an interest in a successful future for the company and its sites. The government will, in light of the talks it’s holding with all parties involved, form an opinion,” said Steffen Seibert, German Chancellor Angela Merkel’s chief spokesman.
      Over in Great Britain, there are concerns of Vauxhall being on the chopping block. Part of this comes from Britain deciding to the European Union. By leaving, the country would lose access to the EU Single Market which guarantees unconstrained trade across the member states. It would mean various countries would be leveraging tariffs on British-made goods, making production in the country less competitive. Also, if the deal was to go through, Vauxhall could be one of the first things to go when it comes time to cut costs.
      Unite, the British worker's union said the president of GM gave them assurance last year that there would not be any surprises in terms of GM's plants in Britain. With this deal, the union says those commitments had not been held.
      "It cannot be that the future of UK car workers’ jobs now lie in the hands of the French government and their backing for Peugeot," said Unite General Secretary Len McCluskey.
      Because of this, General Motors and PSA Group find themselves in damage control mode. GM CEO Mary Barra sent a memo to staff in the U.S. and Germany explaining the deal would be good for GM's future growth, the longevity of Opel's German operations, and shareholder value.
      “While there can be no assurance of any agreement, any possible transaction would enable PSA Groupe and Opel Vauxhall to leverage their complementary strengths, enhancing their competitive positions for the future in a rapidly changing European market,” said Barra in the message.
      A source tells Bloomberg that Barra and GM President Dan Ammann plan to meet with German government officials sometime in the future about the deal. Next week, PSA Group CEO Carlos Tavares will meet will officials. According to a source, Tavares plans on keeping Opel's management structure and keeping the brand as a German one.
      Source: Bloomberg, Reuters, 2

      View full article
    • By William Maley
      Yesterday, news broke that General Motors and PSA Group (owner of Peugeot and Citroen) were in discussions on possibly selling Opel and Vauxhall. Already, the possible sale is under intense scrutiny from various European governments and unions. There are concerns about jobs being cut with this deal, and none are too happy that officials from local governments and unions were not included in the talks. There is also the possibility of political backlash coming to Germany and France as both will be holding elections later this year.
      "It's unclear whether GM will keep an Opel stake, who pays what and if anything will go through at all, given the political backlash," a source told Reuters.
      GM and PSA have declined to say what possible cuts to the workforce, plants, and other items that could be part of the deal. GM Europe employs roughly 38,000 workers - 19,000 are in Germany.
      “Almost all experts say that with this deal now being prepared between the large French, almost state-owned conglomerate and Opel, that especially the German Opel plants may be on the losing side,” saud Rainer Einenkel -- former works council chief at Opel’s Bochum plant, which was shut down.
      “The government has an interest in a successful future for the company and its sites. The government will, in light of the talks it’s holding with all parties involved, form an opinion,” said Steffen Seibert, German Chancellor Angela Merkel’s chief spokesman.
      Over in Great Britain, there are concerns of Vauxhall being on the chopping block. Part of this comes from Britain deciding to the European Union. By leaving, the country would lose access to the EU Single Market which guarantees unconstrained trade across the member states. It would mean various countries would be leveraging tariffs on British-made goods, making production in the country less competitive. Also, if the deal was to go through, Vauxhall could be one of the first things to go when it comes time to cut costs.
      Unite, the British worker's union said the president of GM gave them assurance last year that there would not be any surprises in terms of GM's plants in Britain. With this deal, the union says those commitments had not been held.
      "It cannot be that the future of UK car workers’ jobs now lie in the hands of the French government and their backing for Peugeot," said Unite General Secretary Len McCluskey.
      Because of this, General Motors and PSA Group find themselves in damage control mode. GM CEO Mary Barra sent a memo to staff in the U.S. and Germany explaining the deal would be good for GM's future growth, the longevity of Opel's German operations, and shareholder value.
      “While there can be no assurance of any agreement, any possible transaction would enable PSA Groupe and Opel Vauxhall to leverage their complementary strengths, enhancing their competitive positions for the future in a rapidly changing European market,” said Barra in the message.
      A source tells Bloomberg that Barra and GM President Dan Ammann plan to meet with German government officials sometime in the future about the deal. Next week, PSA Group CEO Carlos Tavares will meet will officials. According to a source, Tavares plans on keeping Opel's management structure and keeping the brand as a German one.
      Source: Bloomberg, Reuters, 2
    • By dfelt
      G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com
      Honda Clarity Kicks Advertising into High Gear!
      While on YouTube I discovered a whole new crop of videos to help sell the Honda Clarity Hydrogen auto. Interesting that they went again to PES a video man that has a reputation for stop motion commercials. This time they went with kids singing and the heads one has to figure represent the hydrogen molecules in the tank. Honda YouTube
      Additional commercials also made by PES for Honda's big push of the Clarity Hydrogen auto:
      As one follows the links from YouTube for the Honda Clarity it is amazing to see all the other videos too such as the one below on how a fuel cell works.
      As I learned from the RoadShow video, the Clarity is in essence an EV with a Hydrogen Generator to give you a 366 mile range. What I was surprised by is that both the Toyota Mirai and this clarity are lease only auto's with a stated value of $60,000 more or less and free hydrogen for the first 3 years.
      Makes one wonder WHY, WHY would you want such an UGLY auto with such a high monthly lease cost when there are far better options out there. I love my alternative auto's and EV's are rocking it more and more, so for an energy upside down auto, do we really need these?
      One Positive is that this is the first time I actually like the dash and the tablet interface for the auto with proper sized buttons to control everything else.
      Want to know more about Hydrogen Auto's, this is a great video that covers what some think is the future for the auto industry.
       
  • Recent Status Updates

  • Who's Online (See full list)