GM CEO Mary Barra becomes the first woman to lead the business roundtable

Mary Barra, CEO of General Motors, will become the new Chair of the Business Roundtable, the association announced on Wednesday. This makes her the first woman to be voted for the top spot. Your two-year term begins on January 1st.

The current chairman of the lobbying group, which represents dozen of the largest US corporations, is Walmart President and CEO Doug McMillon, who succeeded JPMorgan CEO Jamie Dimon at the helm.

Jamie Dimon, CEO of JP Morgan Chase (Reuters) (Reuters / Reuters Photos)

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“Mary has a long track record of being a business leader who recognizes the power of the multi-stakeholder approach to value creation and I am excited to pass the baton on to her,” McMillon said in a statement. “Your understanding of the American workforce and vision for the future is the precise perspective the Roundtable needs as we continue to work with Congress and the government on tomorrow’s public policy.”

Walmart Doug McMillon

Walmart President and CEO Doug McMillon (Reuters) (Reuters)

Barra began her career at GM forty years ago as a co-op student in the Pontiac Motor Division. In January 2014, she became the automaker’s CEO, and that same year led the company through a subsequent recall scandal that had lasted for years.

Since then, she has led the company through an extended union strike, followed by an SEC investigation into the $ 2 billion deal with electric vehicle maker Nikola. Barra was also hit with racism allegations last year by a group of black-owned media leaders who accused them of refusing to meet with them, an allegation both she and GM denied.

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Mary Barra, General Motors CEO. (REUTERS / Brendan McDermid / File Photo) (Reuters)

ticker safety Last Change Change %
GM GENERAL MOTORS CO. 52.93 +0.08 + 0.15%

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The CEO joined the Business Roundtable in 2017 and is currently Chairman of the Education and Workforce Committee.

“It is an honor to be elected Chair of the Business Roundtable,” Barra said in a statement. “I appreciated Doug’s leadership as the roundtable overcame many challenges, including our response to COVID-19 and leading us to economic recovery, and our work to promote racial justice and justice. I look forward to continuing to advance policies that enable greater economic growth “and opportunity for all Americans.”

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