Mary Barra Explained

Mary Barra
Office:Chair of the Board of General Motors
Term Start:January 6, 2016
Predecessor:Tim Solso
Office1:CEO of General Motors
Term Start1:January 14, 2014
Predecessor1:Daniel Akerson
Birth Name:Mary Teresa Makela
Birth Date:24 December 1961
Birth Place:Royal Oak, Michigan, U.S.
Spouse:Anthony Barra
Children:2
Education:Kettering University (BS)
Stanford University (MBA)

Mary Teresa Barra (née Makela; born December 24, 1961) is an American businesswoman who has been the chair[1] and chief executive officer (CEO) of General Motors since January 15, 2014.[2] She is the first female CEO of a 'Big Three' automaker.[3] [4] [5] In December 2013, GM named her to succeed Daniel Akerson as CEO. Prior to being named CEO, Barra was executive vice president of global product development, purchasing, and supply chain.[3] [4]

Early life

Barra was born in Royal Oak, Michigan, to parents of Finnish descent.[6] [7] Her grandfather, Viktor Mäkelä, moved to the US and married Maria Luoma, a Finnish immigrant from Teuva. They lived in Mountain Iron, Minnesota, and had three children, including a son named Reino,[8] called Ray. Barra's father, Ray, married a second-generation Finnish American named Eva Pyykkönen. Mary was born in 1961.

Education

Barra graduated from the General Motors Institute (now Kettering University) in 1985, where she obtained a Bachelor of Science in Electrical Engineering.[9] [10] Barra was inducted into the engineering honor society Tau Beta Pi[11] (MI Zeta class of 1985) and the honor society IEEE-Eta Kappa Nu (Theta Epsilon chapter 1983) while at Kettering University. She then attended Stanford Graduate School of Business on a GM fellowship, receiving a Master of Business Administration degree in 1990.

Career

General Motors

Barra started working for General Motors in 1980 as a co-op student when she was 18 years old. Her job was checking fender panels and inspecting hoods, and she used this job to pay for her college tuition.[12] She subsequently held a variety of engineering and administrative positions, including managing the Detroit/Hamtramck Assembly plant.[13]

In February 2008, she became vice president of Global Manufacturing Engineering. In July 2009, she advanced to the position of vice president of Global Human Resources, which she held until February 2011 when she was named executive vice president of Global Product Development.[13] [14] The latter position included responsibilities for design; she worked to reduce the number of automobile platforms in GM.[3] In August 2013, her vice president responsibility was extended to include Global Purchasing and Supply Chain.[15]

When Barra took over as chief executive of General Motors in January 2014, she became the first female head of an automobile manufacturer.[16]

During her first year as CEO, General Motors issued 84 safety recalls involving over 30 million cars.[17] Barra was called before the Senate to testify about the recalls and deaths attributed to the faulty ignition switch.[18] Barra and General Motors also came under suspicion of paying for awards to burnish the CEO and corporation's image during that time.[19] The recalls led to the creation of new policies encouraging workers to report problems they encounter in an attempt to change company culture.[20]

As CEO, Barra directed GM's move into driverless and electric-powered cars through acquisitions including Strobe, a startup in driverless technology.[21]

In 2017, Barra was the highest paid Detroit Three executive, with a total remuneration of $21.96 million.[22] In November 2018, Barra announced the closure of five North American plants and 14,000 worker layoffs.[23] Her decision was criticized by President Donald Trump, who threatened to remove the company's government subsidies in response.[23]

In response to a shareholder question in 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.[24]

Boards and councils

Barra was a member of the General Dynamics board of directors. She serves on the board of directors of the Detroit Economic Club and Detroit Country Day School.[25] [26] [27] She is a member of the Stanford University Board of Trustees, the Stanford Graduate School of Business Advisory Council, and the Duke University Board of Trustees.[28] [29]

In August 2017, she was elected to the board of Disney.[30] [31] [32] She was the 12th person elected to this board, and the fourth woman.[33]

In March 2022 she was appointed to the Homeland Security Advisory Council by Secretary of Homeland Security Alejandro Mayorkas.[34]

Awards and honors

Barra was listed as 35th on Forbes Most Powerful Women list in 2013, rising in rank to fourth most powerful in 2018.[35]

In May 2014, she delivered the commencement address for University of Michigan's Ann Arbor campus at Michigan Stadium, and received an honorary degree.[36] In 2018, she received an honorary doctorate from Duke University and in 2022 she delivered the school's commencement address.[37]

Barra was ranked first in Fortune's Most Powerful Women list in 2015, up from second the year before.[38]

She remained in the number one spot in Fortune's Most Powerful Women of 2017[39] and Number 5 on Forbes World's 100 Most Powerful Women List in the same year.[40]

In April 2014, Barra was featured on the cover of Time's "100 Most Influential People in the World."[41]

In December 2016, Barra joined a business forum assembled by then President-elect Donald Trump to provide strategic and policy advice on economic issues.[42] However, she left the forum in 2017, following Trump's response to the Charlottesville protests.

Barra was honored at the 2023 Arthur W. Page Center Awards [43] where she received a Larry Foster Award for Integrity in Public Communication.

Barra was elected to the National Academy of Engineering in February 2018.[44] [45] In September 2018, Barra was awarded the Yale Chief Executive Leadership Institute's Legend in Leadership Award.[46]

In Institutional Investors yearly survey of top executives, the 2019 All-America Executive Team, Barra achieved the first place in the autos and auto parts sector.[47]

Barra was selected for the inaugural 2021 Forbes 50 Over 50; made up of entrepreneurs, leaders, scientists and creators who are over the age of 50.[48] In 2021, she was included in the Time 100, Times annual list of the 100 most influential people in the world.[49]

Forbes ranked Barra as the ninth most powerful woman in the world in 2023.[50] Also in 2023, she was inducted into the Automotive Hall of Fame.[51]

Personal life

Barra is married to consultant Tony Barra, whom she met while studying at Kettering University, and has two children and two dogs.[3] They live in Northville, a suburb of Detroit. She also owns an apartment in Downtown Detroit.[52]

She has named the Chevrolet Camaro and the Pontiac Firebird as her favorite cars.[53] Barra can speak a little Finnish.[54]

References

|-

Notes and References

  1. Web site: Wayland. Michael. July 12, 2021. Ford and GM replace 'chairman' title with gender-neutral 'chair'. July 21, 2021. CNBC. en.
  2. Web site: Muller. Joann. Exclusive: Inside New CEO Mary Barra's Urgent Mission To Fix GM. November 23, 2020. Forbes. en.
  3. News: G.M. Names First Female Chief Executive . Vlasic . Bill . . December 10, 2013 . December 11, 2013.
  4. Web site: Dan Akerson to Retire as GM CEO in January 2014 Mary Barra to Become Next CEO; Dan Ammann Named President. . December 10, 2013.
  5. Web site: GM swings to a loss in the fourth quarter as 40-day strike erodes profits. Wayland. Michael. February 5, 2020. CNBC. en. February 6, 2020.
  6. News: Taylor. Alex. Mary Barra: GM's next CEO?. CNN/Fortune. December 11, 2013. December 17, 2012. dead. https://web.archive.org/web/20131214071920/http://management.fortune.cnn.com/2012/12/17/gm-mary-barra/. December 14, 2013.
  7. Web site: Niskakangas. Tuomas. New CEO of automotive icon is of Finnish descent. December 16, 2013. Helsinki Times.
  8. News: A Look at Mary Barra, GM's First Female CEO . The Wall Street Journal . December 10, 2013 . December 11, 2013.
  9. Web site: Mary Barra Fast Facts. CNN Editorial. Research. April 1, 2014. CNN.
  10. Web site: Meet Mary Barra, Kettering graduate '85 Kettering University Online. November 23, 2020. online.kettering.edu. en.
  11. Web site: Tau Beta Pi – NAE class 2018. live. https://web.archive.org/web/20200402082529/https://www.tbp.org/other/NAEclass18.cfm. April 2, 2020. Tau Beta Pi. April 2, 2020. Mary T. Barra, Michigan Zeta '85. Knoxville, Tennessee.
  12. News: GM CEO Mary Barra says too many women quit their jobs for the wrong reason. Quartz at Work. April 13, 2018. en-US.
  13. Web site: Mary Barra: Executive Profile & Biography . . December 11, 2013.
  14. News: G.M. Names New Leader for Global Development . Bunkley . Nick . Vlasic . Bill . The New York Times . January 20, 2011 . December 11, 2013.
  15. Web site: About GM: Mary T. Barra . General Motors . December 10, 2013 . January 21, 2016 . https://web.archive.org/web/20160121145022/http://www.gm.com/company/aboutGM/GM_Corporate_Officers/mary_barra.html . dead .
  16. http://www.new-corner.com/rebuilding-a-giant-mary-barra-ceo-general-motors/ Rebuilding a Giant: Mary Barra, CEO, General Motors
  17. Web site: General Motors (GM): Safety Recalls Add Up to 84 in 2014 . https://archive.today/20150204191324/http://www.zacks.com/stock/news/159304/general-motors-gm-safety-recalls-add-up-to-84-in-2014l . dead . February 4, 2015 . Zacks Equity Research . January 5, 2015 .
  18. News: GM reverses openness pledge: Our view . USA Today . July 23, 2014 . July 23, 2014.
  19. Web site: Is General Motors buying awards for Mary Barra? . Autoblog . January 21, 2015.
  20. News: GM CEO Mary Barra says too many women quit their jobs for the wrong reason. Quartz at Work. February 26, 2018. en-US.
  21. News: G.M. Acquires Strobe, Start-Up Focused on Driverless Technology. Vlasic. Bill. October 9, 2017. The New York Times. October 17, 2017. en-US. 0362-4331.
  22. Web site: GM paid CEO Mary Barra nearly $22M in 2017. Nora. Naughton. The Detroit News.
  23. Web site: GM to halt production at several plants, cut more than 14,000 jobs. Robert. Ferris. . November 26, 2018.
  24. News: Wayland . Michael . GM's stock closes below IPO price for first time since October 2020 . . June 13, 2022 . June 13, 2022 .
  25. Web site: Dykema Chairman and CEO Peter Kellett Elected to the Detroit Economic Club Board of Directors. www.dykema.com. en. February 19, 2020.
  26. Web site: Detroit Country Day School announces new trustees, including GM CEO Mary Barra. The Oakland Press. en. February 19, 2020.
  27. Web site: GM CEO Mary Barra joins Detroit Country Day School Board of Trustees. Grossman. Jay. HometownLife. en. February 19, 2020.
  28. Web site: Burden. Melissa. GM CEO Barra joins Stanford University board. February 14, 2020. Detroit News. en.
  29. Web site: Three Join Board of Trustees. July 3, 2020. today.duke.edu. July 2020 . en.
  30. Web site: Golum. Rob. Welch. David. August 24, 2017. Barra elected to Walt Disney board. Automotive News.
  31. Web site: McNary. Dave. August 24, 2017. General Motors Chairman Mary T. Barra Joins Disney Board of Directors. May 1, 2020. Variety. en.
  32. Web site: GM CEO Mary Barra Joins Disney's Board Amid Successor Search. May 1, 2020. Fortune. en.
  33. Web site: Disney Adds General Motors CEO to Board of Directors. July 26, 2019. The Hollywood Reporter. August 24, 2017. en.
  34. Web site: MaryBarra . July 26, 2019 . DHS . March 2022 . en.
  35. News: The World's 100 Most Powerful Women. Forbes. June 26, 2018.
  36. News: Mary Barra . . Goudreau. Jenna . 2012. September 7, 2012.
  37. News: Mary Barra: Five Lessons From The Kitchen Table . Duke Today . May 29, 2022.
  38. Web site: Mary Barra. Fortune. October 19, 2015.
  39. Web site: Mary Barra. Fortune. April 3, 2017.
  40. News: World's Most Powerful Women. Forbes. March 29, 2018. en.
  41. News: Iacocca. Lee. Mary Barra: The World's 100 Most Influential People. TIME.com.
  42. News: Bryan. Bob. Trump is forming an economic advisory team with the CEOs of Disney, General Motors, JPMorgan, and more. June 1, 2017. Business Insider. December 2, 2016.
  43. Web site: Mary Barra, Lester Holt, Jon Iwata headline annual Page Center Awards | Penn State University .
  44. . National Academy of Engineering Elects 83 Members and 16 Foreign Members. February 8, 2018. live. https://web.archive.org/web/20180208182205/https://www.nae.edu/178117.aspx. February 7, 2018. National Academy of Engineering. April 2, 2020. For leadership in automotive manufacturing, product engineering, and product development.. Washington, D.C..
  45. Spring 2018. Class of 2018 Elected : New Members. live. The Bridge. National Academy of Sciences. 48. 1. 47. 0737-6278. Washington, D.C.. https://web.archive.org/web/20200402090303/https://www.nae.edu/File.aspx?id=181157. April 2, 2020.
  46. Web site: Chief Executive Leadership Institute Honors Mary T. Barra with Legend in Leadership Award. September 24, 2018. Yale School of Management. en. July 19, 2019.
  47. News: Whyte . Amy . These Are America's Top Executives Jamie Dimon, Tim Cook, and Mary Barra are among members of II's 2019 All-America Executive Team . March 29, 2019 . Institutional Investor . November 13, 2018.
  48. News: Gross . Elana Lyn . Voytko . Lisette . McGrath . Maggie . The New Golden Age . . June 2, 2021 . June 2, 2021 .
  49. Web site: O'Kane . Caitlin . Prince Harry and Meghan Markle are on Time's "100 Most Influential People" list . . November 15, 2021 . en . September 15, 2021.
  50. Web site: The World's Most Powerful Women 2023 . Forbes . en.
  51. Web site: » Mary Barra | Automotive Hall of Fame. www.automotivehalloffame.org.
  52. News: Bennett . Jeff . Longtime Insider Is GM's First Female CEO . . Murray, Sara . A1, A10 . December 11, 2013 . December 11, 2013.
  53. News: Mary Barra, G.M.'s New Chief, Speaking Her Mind . The New York Times . December 10, 2013 . December 11, 2013.
  54. Web site: Barra's Finnish roots. December 16, 2013. Yle Uutiset. en. June 11, 2019.