Mary Barra replaces Daniel Akerson, and is the first woman to run a US carmaker.
Daniel Akerson, who is also currently chairman of GM, will leave both of his posts in mid-January. His wife has recently been diagnosed with advanced cancer.
Earlier this week the US government sold its remaining shares in GM, the world’s second biggest carmaker.
Overall, GM lost around $10 billion on its bailout of the carmaker in the aftermath of the financial crisis in 2008 and 2009.
The US Treasury spent $49.5 billion bailing out GM, and took a 61% stake in the company.
Mary Barra has been in charge of design and engineering, and before that was head of human resources at the company.
She joined GM as a student in 1980.
In a message to the company’s employees on Tuesday, Daniel Akerson said: “I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America’s standard bearer in the global auto industry.”
Current CFO, Dan Ammann, was named GM president. He will also take responsibility for the Cadillac and Chevrolet brands.
pN3StUaBiOEAt least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…
The House of Representatives has finally approved $61 billion in new US military aid for…
The real estate market in the United States has always been a gauge for economic…