Finance

GM CEO Barra first woman to chair Business Roundtable

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Mary Barra, CEO of Basic Motors, attends the annual Allen and Co. Solar Valley media convention in Solar Valley, Idaho, U.S., July 12, 2019. REUTERS/Brendan McDermid/File Photograph

WASHINGTON, Sept 29 (Reuters) – Basic Motors Chief Govt Mary Barra on Wednesday was named chair of the Enterprise Roundtable, the automaker confirmed, making her the primary girl to guide the influential group of U.S. enterprise leaders.

Barra, who has headed the biggest U.S. automaker since 2014, was elected by fellow CEOs to succeed Doug McMillon, president and CEO of Walmart , who has chaired the Enterprise Roundtable since January 2020.

The Enterprise Roundtable, based in 1972, contains different well-known enterprise executives resembling Apple CEO Tim Cook dinner and JPMorgan Chase & Co CEO Jamie Dimon. Members collectively lead firms with 20 million workers and greater than $9 trillion in annual revenues, in line with the group.

Barra will serve a two-year-term at a time when companies face main points in Washington, together with proposals in Congress to hike company taxes and new environmental rules.

The group has taken positions on a variety of points, together with backing a $1.2 trillion infrastructure invoice in addition to policing and immigration reforms.

“I sit up for persevering with to assist advance insurance policies that supply larger financial progress and alternative for all Individuals,” Barra, who joined the roundtable in 2017, stated in an announcement.

Barra, who has labored at GM in a sequence of positions since 1980, was the primary girl to run a worldwide automaker and usually seems in media rankings of high executives.

Reporting by David Shepardson; enhancing by Jonathan Oatis

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