The job that she is doing for shareholders is good.". An example of data being processed may be a unique identifier stored in a cookie. Likewise, Fordhad the Mustang Mach-E out well before GM brought out the 2022 GMC Hummer EV and the Cadillac Lyriq SUV, which is in production now. [20], As CEO, Barra directed GM's move into driverless and electric-powered cars through acquisitions including Strobe, a startup in driverless technology. Following her marriage, she adopted the last name of her husband. Someblame her for GM's loss ofU.S. marketshare even thoughGMs market share had been declining for yearsbefore Barra was named CEO. [21], In 2017, Barra was the highest paid Detroit Three executive, with a total remuneration of $21.96 million. She is the first lady to become the CEO of a primary auto manufacturing company across the globe. Within threehours, Mary Barra was trending globally.". Barra was born on Christmas Eve in 1961 as the daughter of Ray and Eva Makela in Royal Oak, Michigan. Together they are the proud parents to two teenage children, one boy and a girl, Rachel and Nicholas. TakeFordCEO Jim Farleywho is, in many ways, Barra's polar opposite in terms of personality. Anthonys wife was elected Chairman of the GM Board of Directors on January 4, 2016, and has served as CEO of GM since January 15, 2014. Happy Fathers Day, Tony!. Mary was also listed number one in Fortunes Most Powerful Women list in 2015. In November 2018, she announced the closure of five North American plants and 14,000 workers lay offs. "BrightDrop has been brought to market with absolutely astonishing speed, totally unlike the General Motors I know and love," Lutz said. Holding the title of the worlds top-paid auto CEO, Mary Barra is at the top of her game, and it does not look like she is in a hurry to relinquish the title. "So the only thing that makes noise is either a phone call or when my children or husband text me. Shes like my yay/nay occasionally shops with me," Barra said of her daughter. She holds a Bachelor of Science degree in electrical engineering in 1985. Tony is an amazing dad to our children. In fact, Rachel Barra is probably the one person on the planet with the power tosend a CEO back upstairs to change. More: He uncovered GM crisis, took on automaker when NHTSA didn't. The couple has two dogs. In 2014, she was featured on the cover of Time magazine's issue featuring the 100 most influential people in the world. Barra has two cars, a Chevrolet Camaro and a Pontiac Firebird. [49], "Ford and GM replace 'chairman' title with gender-neutral 'chair', "Exclusive: Inside New CEO Mary Barra's Urgent Mission To Fix GM", "G.M. Later, she attended Stanford Graduate School of Business on a GM fellowship, receiving her Master in Business Administration degree in 1990. [23], In a June 2022 question about reinstating dividends at GM, Barra said the company has a "clear priority" to "accelerate our EV plans" and to solely offer EVs by 2035. Marys grandparents lived in Mountain Iron, Minnesota, and had three children including her father. Later she attended Stanford Graduate School of Business receiving her Masters in Business Administration degree in 1990. [36], Barra was ranked first in Fortune's Most Powerful Women list in 2015, up from second the year before. [2] She is the first female CEO of a 'Big Three' automaker. As CEO, Mary made GM move into driverless and electric-powered cars through acquisitions including Strobe, a startup in driverless technology. "We want to be different and we want change and well have this great leader who knows employees and cares. Profiles. She is one of the wealthiest women in America. Rick Wagoner became GM's CEO in 2000 and was ousted in 2009 after the company filed for Chapter 11 federal bankruptcy protection. Every now and then, I take the book out and I reread them., The lessons that resonate most, she said, arethe power of the team and"what people will do if they understand what you want to do and you empower them.
