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GM CEO Barra first woman to chair business roundtable

Mary Barra, CEO of General Motors, attends the Allen and Co. Sun Valley annual press conference in Sun Valley, Idaho, United States on July 12, 2019. REUTERS / Brendan McDermid / File Photo

WASHINGTON, Sept.29 (Reuters) – General Motors (GM.N) chief executive Mary Barra was named president of the Business Roundtable on Wednesday, the automaker confirmed, making her the first woman to lead the group influential American business leaders.

Barra, who has headed America’s largest automaker since 2014, has been elected by his fellow CEOs to succeed Doug McMillon, president and CEO of Walmart (WMT.N), who has chaired the Business Roundtable since January 2020.

The Business Roundtable, founded in 1972, includes other well-known business executives such as Apple CEO Tim Cook and JPMorgan Chase & Co CEO Jamie Dimon. The members collectively run companies with 20 million employees and more than $ 9 trillion in annual revenues, according to the group.

Barra will serve a two-year term as businesses face major challenges in Washington, including proposals in Congress to increase corporate taxes and new environmental regulations.

The group has taken a stand on a number of issues, including supporting a $ 1.2 trillion infrastructure bill as well as police and immigration reforms.

“I look forward to continuing to help advance policies that provide economic growth and increased opportunities for all Americans,” said Barra, who joined the roundtable in 2017, in a statement.

Barra, who has held various positions at GM since 1980, was the first woman to lead a global automaker and appears regularly in media rankings for senior executives.

Reporting by David Shepardson; edited by Jonathan Oatis

Our Standards: Thomson Reuters Trust Principles.

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