Posted on Wednesday, September 29, 2021 | 10:25 a.m.
Updated 34 minutes ago
WASHINGTON (AP) – Mary Barra, who became the first CEO of a major auto company when she took charge of General Motors, will become the first woman president of the Business Roundtable, an organization that represents some of the most successful companies. powers of the country. .
Barra replaces Walmart CEO Doug McMillon, who ends his two-year term as president at the end of this year.
Barra, whose career at GM began in 1980, became CEO in 2014 and she led the company’s aggressive push into electric vehicles. General Motors has set a goal of making the vast majority of vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years later.
In recent years, large companies have come under increased pressure to be more socially, economically and environmentally responsible.
In 2019, the Business Roundtable released a new set of principles that involved a fundamental philosophical shift from its ‘shareholder first’ mantra. The group recognized at the time that “many Americans are struggling,” an acknowledgment that corporations have a greater responsibility to those other than shareholders – including workers, customers and society. general.
âI can’t think of a better leader to serve as the next chairman of the corporate roundtable than Mary Barra,â said Joshua Bolten, chairman of the group. “We are all delighted that Mary has agreed to take on this larger role, and we look forward to furthering the organization’s mission of promoting economic growth and expanding opportunities for all Americans under her leadership.”
The companies that make up the Business Roundtable, including Walmart, Apple and Starbucks, employ 20 million workers according to the group and are worth more than $ 20 trillion, or about half the value of all publicly traded companies in the United States. United.