General Motors Company (GM) expected to name Mary Barra as first female CEO

Mary Barra
General Motors Company (NYSE:GM) will be naming Mary Barra as their first every female CEO, according to Bloomberg. Barra is the global head of product development at General Motors. She has been at the company since turning 18.

Barra is going to be succeeding Dan Akerson. Akerson was made CEO of GM by the Obama administration in 2010 to help the company emerge from bankruptcy. Akerson turned 65 in October and he is planning to tell employees that he is stepping down in January.

Barra has received a bachelor’s degree from Kettering University, which used to be known as the General Motors Institute in Flint, Michigan. She also has an MBA from Stanford University. Barra was raised in Waterford, Michigan and her father worked for GM for 39 years.

Other successors that were considered includes Mark Reuss (president of GM North America), Dan Ammann (CFO), and Steve Girsky (Vice Chairman).

“The Detroit Three are all run by non-car guys,” stated Akerson in an interview back in September. “Someday, there will be a Detroit Three that’s run by a car gal.”

Mary Barra used to have a role in GM management. She worked as a the vice president global manufacturing engineering, head of GM’s Detroit Hamtramck Assembly plant, and executive director of competitive operations engineering. Before Barra was named as the first female product head, she was the top human resources exec.

[Source: Bloomberg]

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