published Tuesday, December 10th, 2013

GM names Mary Barra CEO, first woman to head U.S. car company

  • photo
    In this Jan. 10, 2012, file photo, Mary Barra, General Motors senior vice president, global product development, speaks at the debut of the 2013 Buick Encore at the North American International Auto Show in Detroit. A person briefed on the matter today said General Motors' board has named Barra as the company's next CEO.
    Photo by Associated Press /Chattanooga Times Free Press.

By TOM KRISHER

AP Auto Writer

DETROIT — General Motors product development chief Mary Barra has been named the company's new CEO, the first female head of a U.S. car company.

Barra, 51, will replace Dan Akerson on Jan. 15. Akerson, chairman and CEO, moved up his retirement plans by several months because his wife, Karin, is battling advanced cancer, the company said in a statement today.

With the decision, the GM board separated the board chairman and CEO positions. Barra will get a seat on the board, but Director Theodore (Tim) Solso will succeed Akerson as chairman. Solso formerly was chairman and CEO of engine maker Cummins Inc., and has been on GM's board since June of 2012.

"I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America's standard bearer in the global auto industry," Akerson said Tuesday morning in a message to employees.

Barra currently holds what many say is the most important job in the company — senior vice president for global product development. She's in charge of design, engineering and quality of all of GM's vehicles across the globe and has shepherded most of the company's recent new vehicle introductions.

Under her command, GM rolled out brawny new full-size pickup trucks, the Chevrolet Silverado and GMC Sierra, and the Chevrolet Impala full-size car, which earned the highest score for a sedan in testing by Consumer Reports magazine. Its quality scores also rose in surveys conducted by J.D. Power and Associates.

Barra also heads purchasing and had previously ran the company's human resources operations.

She started with GM as an electrical engineering co-op student in 1980 when she attended what is now Kettering University in nearby Flint. She also served as a plant manager and executive director of engineering. She holds a master's degree in business administration from Stanford University.

Barra had been among four internal candidates for the position, including Chief Financial Officer Dan Ammann, North American President Mark Reuss and Vice Chairman Steve Girsky.

Ammann, 41, was named GM president and will manage its regional operations worldwide. He'll also head up the global Cadillac and Chevrolet brands, as well as GM Financial, the company's auto loan arm.

Shares of GM fell 8 cents, or 0.2 percent, to $40.82 in morning trading today after the announcement.

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