In a good move that followed closely in the wake of the U.S. Treasury's announcement on Monday that it had exited its last vestiges of ownership of General Motors, the automaker promoted development, purchasing, and supply chain EVP Mary Barra to the CEO position. She will be the first female CEO of a global automaker.
In her 33 years of experience at GM, Barra has held manufacturing, engineering, and senior staff positions and is one of the first automaker CEOs in recent history to rise from its own ranks. Barra has been vice president of global manufacturing engineering, head of GM’s Detroit Hamtramck Assembly plant, and executive director of competitive operations engineering, and the company’s human resources executive.
Heading up GM’s $15 billion vehicle development operations, Barra was able to contribute significantly to the company’s success with popular brands such as the Chevrolet Impala and the Cadillac CTS.