GM's Dan Akerson will step down, company names first woman as CEO

Dec 10, 2013

Dan Akerson, chairman and CEO of General Motors, will step down on January 15, 2014. Akerson moved up the date of his departure by several months after his wife was diagnosed with an advanced stage of cancer.

Akerson's successor will be Mary Barra. She's the executive vice president, Global Product Development, Purchasing and Supply Chain.

The 51-year-old Barra will become the company's first female CEO, and will be the first female CEO in the global automotive industry.

Barra was the daughter of a Pontiac die maker, according to Bloomberg:

Barra, 51, whose career started on a factory floor as an intern more than 30 years ago, has been in charge of product development and quality of all GM cars and trucks for 22 months, fostering collaboration and wringing costs out of the supply chain.

In its press release, GM said Barra was a leader in the company's turnaround:

...revitalizing GM’s product development process resulting in the launch of critically acclaimed new products while delivering record product quality ratings and higher customer satisfaction.

“With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today’s GM,” said Barra. “I’m honored to lead the best team in the business and to keep our momentum at full speed.”

GM announced other executive staff changes as well. Dan Ammann, 41 and GM CFO, will become company president and will manage the company's regional operations around the world. He'll remain as CFO of GM as well. A new CFO will be named at a later date.

And Mark Reuss, 50, will move into the position being vacated by Barra.