General Motors CEO Mary Barra will be the new president of the Business Roundtable, the association announced on Wednesday, making her the first woman to hold the top spot. His two-year term begins on January 1.
The current chairman of the lobby group representing dozens of America’s largest corporations is Walmart CEO Doug McMillon, who succeeded JPMorgan CEO Jamie Dimon at the Cure.
THE ROUND TABLE OF COMPANIES SUPPORTS THE BIDEN PLAN REQUIRING THAT LARGE COMPANIES MANDATE VACCINES
“Mary has a long history of success and is a business leader who recognizes the strength of the multi-stakeholder approach to creating value, and I am delighted to hand it over to her,” McMillon said in a statement. “His understanding of the American workforce and its vision for the future is the exact perspective the Roundtable needs as we continue to work with Congress and the administration on the public policies of tomorrow. “
Barra began her career at GM forty years ago as a co-op student in the Pontiac Motor division. She became CEO of the automaker in January 2014, navigating the company that same year through a subsequent recall scandal that had dragged on for years.
Since then, she has accompanied the company through a prolonged union strike followed by an SEC investigation into its $ 2 billion deal with electric vehicle maker Nikola. Barra was also accused of racism last year by a group of black-owned media executives who accused her of refusing to meet with them, an allegation she and GM have denied.
BIDEN’S WAIVER OF INTELLECTUAL PROPERTY RULES WILL UNDERMINE PANDEMIC CONTROL EFFORTS: BUSINESS ROUNDTABLE
|DG||GENERAL ENGINE CO.||52,93||+0.08||+0.15%|
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The CEO joined the Business Roundtable in 2017 and currently chairs the Education and Workforce Committee.
“It is an honor to be elected chairman 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 the path to economic recovery as well as our work to advance racial equity and justice. I look forward to continuing to help advance policies that provide greater economic growth and opportunity for all Americans. “