Mary Barra Will Lead the Auto Industry's First Majority-Female Board

[brooklynite]

Source: Bloomberg

Women will be the majority on the board of General Motors Co. later this year, after two male directors retire. It’s a first for an automaker and places GM among a small handful of companies with roughly the same number of men and women at the highest level.

GM’s board will shrink to 11 members, from 13, with two directors not standing for re-election at the annual meeting on June 4, the company said in its proxy filing. Jim Mulva, former CEO of ConocoPhillips, and Admiral Mike Mullen, former chairman of the U.S. Joint Chiefs of Staff, are both 72, the retirement age for the automaker’s board.

The board will temporarily waive the retirement age requirement for Lead Director Tim Solso, also 72, for one year to assist in GM’s “period of transformation,” the company said. Six women, including Chief Executive Officer Mary Barra, and five men complete the slate of members up for shareholders’ approval at the annual meeting.

Read more: https://www.bloomberg.com/news/articles/2019-04-18/gm-s-barra-to-lead-auto-industry-s-first-majority-female-board

[SunSeeker]

1. The Chevy Bolt plug-in may just be the new car I plan to buy this year.

To replace my 2005 Pontiac Vibe, after 14 reliable years.

[Aristus]

2. Maybe now they'll make some sensible decisions.

For guys in business, it's always a dick-measuring contest. Sound business decisions take a back seat to hypermacho posturing. Let's give the women a shot at sustainable business management.

[keithbvadu2]

3. Trump marches into the board meeting, grabs them by the crotch and opens the closed factories.

Trump marches into the board meeting, grabs them by the crotch and opens the closed factories.