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Women hold majority of seats on GM's expanded board of directors

Stock Markets Mar 25, 2021 09:10AM ET
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(Reuters) - General Motors Co (NYSE:GM) on Thursday said it is expanding its board of directors to 13 persons, with women holding seven of the seats.

GM named two new directors, Meg Whitman and Mark Tatum.

Whitman, 64, is a longtime tech executive and former Republican candidate for governor of California. Most recently, she was chief executive of media startup Quibi. Before that, she was CEO of Hewlett Packard Enterprise (NYSE:HPE) and Hewlett-Packard Co, and earlier was president and CEO of eBay (NASDAQ:EBAY).

Whitman also is a director at consumer products giant Procter & Gamble (NYSE:PG), whose 13-person board includes six women.

Tatum, 51, is deputy commissioner and chief operating officer of the National Basketball Association.

Whitman and Tatum join the board of the largest U.S. automaker as it is engaged in a sweeping transformation of its products and business lines.

General Motors Chief Executive Mary Barra said the automaker's diverse board "is a competitive advantage for GM as we work to deliver a better, safer and more sustainable world.”

Ford Motor (NYSE:F) Co, the No. 2 U.S. automaker, has three women on its 12-person board, and has nominated a fourth -Alexandra Ford English, daughter of Executive Chairman Bill Ford.

Women hold majority of seats on GM's expanded board of directors
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Comments (3)
Vlad Lozovskiy
Vlad Lozovskiy Mar 25, 2021 9:48AM ET
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No wonder the ship is sinking.  It is a bad sign!
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Wayne Gillispie
Wayne Gillispie Mar 25, 2021 9:39AM ET
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The US auto industry is already way behind Asia, due to outsourcing almost all of our manufacturing in the last 20 years. Good luck finding batteries and motors for your EV’s. Same with the solar industry. Yep, we are done!
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Kaveh Sun
Kaveh Sun Mar 25, 2021 9:23AM ET
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The board is mostly useless anyway. Ceo runs the show. Just ask Musk
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