The Traderszone Network

Published in TZ Latest News 4 January, 2016 by The TZ Newswire Staff

GM appoints CEO Mary Barra chairman

Barra takes over as chairman from former Cummins Inc Chief Executive Theodore Solso, who will continue serving as the board’s lead independent director, the company said. GM has over the years swung back and forth on the issue of whether the CEO and chairman’s jobs should be held by different people. In the early 1990s, after a close brush with financial collapse, GM’s board separated the two jobs in a move hailed by corporate governance experts.