GM CEO Mary Barra says she has no plans to retire soon as automaker's transformation continues

GM CEO Mary Barra says she has no plans to retire soon as automaker's transformation continues

  • GM CEO and Chair Mary Barra on Thursday said she has no plans to retire anytime soon, citing a need to ensure the company's transformation is on "a good path."
  • Barra, who is the longest-tenured CEO outside of the company's founder, has been asked about retirement for several years.
  • Barra said she serves at the pleasure of the GM Board and that she continues to have "fun," calling this time period "the most exciting time'' for the automotive industry.

DETROIT – General Motors CEO and Chair Mary Barra on Thursday said she has no plans to retire any time soon as she tries to ensure the company's transformation is on "a good path."

Barra, who is the longest tenured CEO outside of the company's founder, has been asked about retirement for several years. The questions have grown as executives of competitors have come and gone under Barra's more than 10-year tenure leading GM.

"I'm having a lot of fun, and I want to make sure we have our transformation on a good path," she said during a fireside chat at a Detroit Economic Club meeting. "So, I'm young and in good health, I've got a supportive family, so I don't think I'm headed anywhere soon."

Many potential successors within GM have come and gone during Barra's tenure. Several left the company for other opportunities, while others retired or left the company for unspecified reasons.

Barra reiterated she serves at the pleasure of the GM board and that she continues to have "fun." She said she is working through "the most exciting time'' for the automotive industry during her career.

GM, like other automakers, is investing billions of dollars into all-electric vehicles, despite consumer adoption coming more slowly than many expected just a couple years ago.

The Detroit automaker also is attempting to relaunch its Cruise autonomous vehicle business after it ceased public operations following an Oct. 2 accident in which a pedestrian in San Francisco was dragged 20 feet by a Cruise robotaxi.

Cruise and EVs, along with software-defined vehicles and services, have been among the largest potential growth areas under Barra, who became CEO in January 2014.

OTHER NEWS

29 minutes ago

Emma Raducanu turns down Olympics wild card – but Andy Murray in Team GB squad

29 minutes ago

Mathematician Reveals 'Equals' Has More Than One Meaning in Math

30 minutes ago

Candidates race into France's snap legislative poll but one convicted for spousal assault withdraws

30 minutes ago

Treasury Secretary Janet Yellen says use of Russian assets from Ukraine is not 'theft' despite Putin's claims

30 minutes ago

Maine police kill armed man after a night of gunfire and burned homes

31 minutes ago

How Apple, Microsoft and 3 other tech giants can make money with AI geared to consumers

31 minutes ago

Guy Haymes death: Why Jayson Brett Dal Molin didn't face court after being charged with murder of much-loved surfer on Sydney's northern beaches

34 minutes ago

‘We Thank PM Modi’: Sharad Pawar’s Remark With Allies Stings BJP

34 minutes ago

Nick Jonas and Adrienne Warren to Star in ‘Last Five Years’ on Broadway

36 minutes ago

Celtics Fans Send Desperate Plea to Jayson Tatum Ahead of NBA Finals Game 5

36 minutes ago

Inside Finland’s first NATO mission with UK forces in show of strength to Putin

36 minutes ago

Las Vegas Raiders post-minicamp starting offense projection: Who's QB?

36 minutes ago

Six MAD Shorts heading to the Toronto Arab Film Festival

36 minutes ago

Kate Middleton's 'perfect' Father's Day photo of Prince William and their children sends royal fans into a frenzy as they say they're left in tears over sweet 'we love you, Papa!' message

36 minutes ago

Dozens of firefighters tackle raging inferno inside flat in London tower block - as four people are rushed to hospital

36 minutes ago

Biden slams the Supreme Court and rips into Trump at Jimmy Kimmel-hosted celebrity fundraiser attended by Obama, George Clooney and Julia Roberts

36 minutes ago

Eat more protein and less carbs if you want to lose weight and feel less hungry, new study suggests

39 minutes ago

'Dan Hurley just used and abused the Los Angeles Lakers.' — Skip on Hurley deciding to stay at UConn

39 minutes ago

Hamburg police shoot man with axe and ‘Molotov cocktail’ ahead of Euro 2024 game

40 minutes ago

Houston native making Hollywood dreams come true, and wants to bring some of it back to Space City

40 minutes ago

Scorching heat, rising humidity in Chicago's forecast Sunday, along with threat of storms

41 minutes ago

CBIC mounting multi-modal awareness against frauds in name of Customs

41 minutes ago

He's played 70 games for Ten Hag: Man Utd eye 42m Branthwaite rival

41 minutes ago

WNBA All-Star Fires Stern Message To Players Who Want Caitlin Clark To Fail

41 minutes ago

Jack Draper WINS his first ATP Tour title as new Brit No 1 comes from a set down to beat Matteo Berrettini in the Stuttgart Open final

41 minutes ago

Woman who spent 43 years in prison has conviction overturned as case takes shocking twist

41 minutes ago

Serbia vs England - Euro 2024: Live score, team news and updates as the Three Lions quest to 'Bring Football Home' gets underway against a Serbian team led by Mitrovic and Dusan Tadic

46 minutes ago

Data analyst reveals the state where gas prices are expected to increase to $10 per gallon

46 minutes ago

Video: Three Lions fans' booze-up kicks off ahead of England's Euros clash with Serbia TODAY - with new video showing supporters singing chorus of '10 German Bombers' in defiance of FA and police

46 minutes ago

Bec Judd reveals what REALLY happened to the red dress that launched her career at the 2004 Brownlow: 'It was definitely a moment'

46 minutes ago

Luis Diaz is caught by HORROR two-footed tackle in Colombia's friendly win against Bolivia as Liverpool fans fume over 'disgrace' as opposing defender isn't sent off

47 minutes ago

Levi Colwill 'is open to joining Bayern Munich' with new boss Vincent Kompany a keen admirer of the Chelsea defender

47 minutes ago

FBI agent and Twin Towers first responder reveal how likely another 9/11 attack is on U.S. soil...and why it will be even more deadly

48 minutes ago

Buck, Bajraktarevic spark Revolution to victory over Whitecaps

48 minutes ago

80 countries at Swiss conference agree territorial integrity of Ukraine must be basis of any peace

48 minutes ago

Haj 2024: 14 Jordanians dead, 17 missing in Saudi as authorities warn of high temperatures

48 minutes ago

BBC pundit convinced Levy will spend 60 million on Tottenham signing

48 minutes ago

Why bashing billionaires won’t solve the inequality crisis

48 minutes ago

Israel pauses military activity along southern Gaza road to facilitate aid

48 minutes ago

How England’s top private schools came to own 38,000 acres of land