General Motors CEO Mary Barra continues to break the glass ceiling as the company's Board of Directors has unanimously elected her as the new Chairwoman.
Barra will replace Theodore Solso who will continue working with the company as the Board’s Lead Independent Director. In a statement, he remarked "... the Board concluded it is in the best interests of the company to combine the roles of Chair[man] and CEO in order to drive the most efficient execution of our plan and vision for the future." He went on to say "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 began her career with GM in 1980 as a co-op student from the General Motors Institute which has since been renamed Kettering University. She returned to GM after receiving an MBA from Stanford and rapidly rose up the ranks at the company. This culminated with Barra being named CEO in January of 2014.
According to 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.”