General Motors Co. CEO Mary Barra was paid $29.1 million, the automaker reported in a Securities and Exchange Commission filing Friday. ", Barrarelies on books and sometimes other CEOs for guidancebecausebeing a CEO "can be a lonely job," she said. She emphasized the merits of hard work and tenacity. Hehasbeen an accessible, openbook when it comes to talking about his life, includinghis famous cousin, the late comedian Chris Farley. Sheis in good health. Discovery Company. In her signature black-leather jacket, a white top, black pants and chunky-heeled boots (nostilettos this time),GM'schair and CEO is stylish, thanks to her shopping buddy and "stylist"daughter, Rachel. But it hit the rest of the world. Plans to catch Elon Musk's global leader include offering 30 battery-powered vehicles by 2025, with many targeting the $30,000-$35,000 car buyer. "I tried to go to every game, because I knew that was a time Id never get back.". Barra saidshe was "not the obvious choice" forplant manager atDetroit-Hamtramck, "but they gave me an opportunity. Barra is acutely aware of GM's progress and its potentialpitfalls, butif anyone can execute, it is Barra, saidMary Henige, who ownsMagnetica Communications consulting firm in Beverly Hills, Michigan. It's a rainy day in early May and Barra's on her way. An estimated $194 million. office, a bright space that overlooks the Detroit River, a sign reads Keep Calm and Carry On. Its no wonder she keeps the saying nearby. And with that, Mary fadesand Barra the CEO is back,ready to powerwalk GM's R&Dhalls to keep everyone on schedule. Isaid, 'Its great that were running the business well and were making these decisions and were rationalizing it, but the games changing and weve got to lead the game change.' Since she took the helm, the company'smarket share has declined by 3.2 percentage points, according to data from Cox Automotive. Usually, those kind of people dont have leadership personality.". My mom was born there and we came together in 1971. . Leadership Journeys - Mary Barra. It can be a catalyst for going out there and creating the life you want. Mary Barra Net Worth. Mary Barra: Five Lessons from the Kitchen Table. GM is also investing in the ride-sharing economy and in self-driving vehiclesit plans to have a fleet of autonomous vehicles operating on its own campus by the end of the year. "Ill always answer the phone, but I get so many emails, I cant have every email alert or Id go crazy," Barra said. 2 dogsboth Coton de Tulearsowned by Barra with her husband and two kids. She likes to decompress with "retail therapy." SoHenige set upa "war room"to manage the news and waited. Mary said, "We believe that everyone has the responsibility to speak up in the presence of bias and injustice in our world. Viktor Mkel, her grandpa, immigrated to the United States and married Maria Luoma, a Finnish immigrant from Teuva. Mary Barra is living a blissful conjugal life. More: GM CEO Mary Barra to be inducted into a leading women's hall of fame. Email: More: He uncovered GM crisis, took on automaker when NHTSA didn't. Mary became the CEO of GM in 2014, making her the first female CEO of a major international automaker. "But the pressure just encourages me, or motivates me I should say, to just work harder and move faster. Mary Barra, General Motors' chief executive officer, has been accused of racism by leaders of several Black-owned media companies, including Bryon Allen and Ice Cube. After hiring a former U.S. attorney to conduct an internal probe, she fired 15 employees, instituted an if you see something, say something policy and restructured engineering operations to enable quicker responses to potential safety violations. May 12, 2021 Innovation, Leadership When Mary Barra, chair and CEO of General Motors, first saw the company's dress code, she did what she does best: cut through the noise and deliver a solution. Barra, 54, has steered GM deftly through the 2014 ignition-switch scandal. First female CEO of GM and the first woman to lead a US auto maker. Mary Teresa Barra (ne Makela; born December 24, 1961) is an American businesswoman who has been the chair[1] and chief executive officer (CEO) of General Motors since January 15, 2014. Mary Barra, the CEO and chair of General Motors, joins "CBS Mornings" to discuss the company's new electric Equinox, the future of the auto industry and how General Motors is handling inflation. There are some weeks when I might work from home one, two or three days. Magazine, Tracy Flick Is Back: Older, Wiser, Still in High School, Chef Thomas Keller on Finding Professional Success After 40, Hailey Biebers Lymphatic Massage Provider Has a 2,300-Person Waitlist, Tiffany Haddish Reveals Her Secret Calendar Productivity Hack, assumed the top position of the third-largest carmaker, A Day in the Life of Reese Witherspoons TV Right Hand, A Day in the Life of Kanye Wests Set Designer, How the Failure of Pets.com Spurred Julie Wainwrights RealReal Success, How Baby2Baby, L.A.s Blockbuster Fundraiser, Comes Together, Final Early Bird Pricing! It's a rainy day in early May and Barra's on her way. In July 2009, she advanced to the position of vice president of global human resources, which she held until February 2011, when she was named executive vice president of Global Product Development. Raised in Waterford, Michigan, a feeder town for GM, Barra began working for the company at 18. Ranked #1 on Fortune's list of Most Powerful Women in 2016 and remained in the spot for 2017. You may have read some interesting news about Mary Barra recently. MLive reported that Barra sent a back-to-work package, including five face masks and a letter, to each GM employee's home. GM paid $120 million to settle claims from dozens of states and it paid penalties and settlements ofan estimated $2.5 billion, including $900 million to settle a U.S. Department of Justice criminal case. 0:05 1:06 Mary Barra said she still has moments of anonymity after her first year as General Motors CEO, but admitted her life has substantially changed, comments she made in a wide-ranging. Steve Wozniak's Net Worth: How Much is the Apple Founder Worth Now? "Or, 'Have a point of view, Mary. But Barra points tothe global shortage of chips, whichToyota managed better. 39 Number of years Barras father, Ray Makela, a member of the United Automobile Workers union, worked as a die maker at GMs Pontiac factory. That's why Barra sees herself as having an important role in encouraging women to "go for it.". Her vice president responsibilities were expanded in August 2013 to encompass Global Purchasing and Supply Chain. As CEO, Barra oversaw GMs journey into autonomous and electric vehicles, including the acquisition of Strobe, a driverless technology startup. Barra is more reserved and understated,though look closely andsmall peculiaritiesprovide a peek at her personality. In 1985, Barra received her Bachelor of Science in Electrical Engineering from the General Motors Institute. The job that she is doing for shareholders is good.". Consult any movers-and-shakers' list for the past several years and you're likely to find GM CEO Mary Barra. 1980 - Starts with GM as an 18-year-old intern. GM CEO Mary Barra. It's also seen as essential to reducing carbon emissions from gas-powered vehicles that are contributing to rapidly warm the planet. Mary Teresa Barra (ne Makela; born December 24, 1961) is an American businesswoman who has been the chair and chief executive officer (CEO) of General Motors since January 15, 2014. Here are seven inspiring lessons from her leadership that you can apply to your own business. Check it out and submit your application here. As Barra leads GM into a future of electric cars, one of the top Mary Barra quotes is her motto: "Zero crashes. When it comes to General Motors, you might say that CEO Mary Barra is ride or die. She was too quiet and not assertive enough. She added Chairman of the Board to her title only two years later. It made me really impatient because I knew GM was better.". Barra had about 100 followers on Twitter at the time, Henige said. To understand who Barra is today and her task at hand, one must look to her first few months in the biggest job of her life. One of the " smallest biggest " things Barra did at GM was to change a multi-page, highly . Last fall, herdaily ride wasone of the Bolts that was under recall. By Neal E. Boudette. [23] Her decision was criticized by President Donald Trump, who threatened to remove the company's government subsidies in response. Itrose to 15.5% in the first quarterthis year, but that is still below the 16.3% a year earlier and far from the 17% to 18% it was last decade. Hugh Hefner's Net Worth: How Rich Was the Playboy Founder in His Old Age? Make sure your voice is heard. Barra, who also serves as the chair of GM, had a salary of $2 million in 2020 . [36], Barra was ranked first in Fortune's Most Powerful Women list in 2015, up from second the year before. More:Ana Gasteyer says her CEO character on 'American Auto' is no Mary Barra. To date, GM has paid more than $900 million in penalties and nearly $600 million to settle death and injury suits, though critics have argued the company still hasnt been held fully accountable. She was poor as a child so young Mary'sand Paul's cousinsknew the drill when it came toconversations with "Aunt Eva. August 9, 2014, 5:00 PM UTC. 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Mary Barra (left), the first woman to run a major automaker, is on a journey to make General Motors a defect-free company. Severaltechnicianslook up from their worka bitawestruck at their guest. [24], Barra was a member of the General Dynamics board of directors. Left: General Motors CEO Mary Barra answered questions before a House subcommittee about her knowledge of a faulty ignition switch installed in 2.6 million cars. . In 2019, Ford's CEO Jim Hackett earned a total compensation of nearly $17.4 million. Along with her team, they have reinvented GM.". [12] Barra can speak a little Finnish. 1 Barras rank on Fortunes 2015 list of the Most Powerful Women. This year, GM introduced the 2017 Chevy Bolt EV, beating rival Tesla in the contest to engineer the first affordable electric car with a range of 200 miles. A Warner Bros. [16], During her first year as CEO, General Motors issued 84 safety recalls involving over 30 million cars. They live in Northville, a Detroit suburb. She said thatbreed is hypoallergenic. All rights reserved. She is genuine in her inability to choose one,then she finally picksthe 2022 GMCHummer EV pickup because "it's so fun. 2023www.freep.com. Since her humble beginnings, Ms. Barra has climbed to the top of the corporate ladder at GM. Barra's father, Ray, married a second-generation Finnish American named Eva Pyykknen, and Mary was born in 1961. 'You had blindsided him,' Dingell said she told Barra. Of nearly $ 17.4 million they gave me an opportunity 's so fun they... Rank on Fortunes 2015 list of Most Powerful Women filing Friday me really because. And electric vehicles, including Five face masks and a letter, to just work harder and move.... And injustice in our world became the CEO of GM in 2014, making her the first CEO! Including the acquisition of Strobe, a Finnish immigrant from Teuva sometimes other CEOs for guidancebecausebeing a ``... Choose one, two or three days it comes to talking about life. 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