DETROIT — General Motors is including former Hewlett Packard govt Meg Whitman and Nationwide Basketball Affiliation Chief Working Officer Mark Tatum to its board, efficient instantly.
The elections come at a pivotal time for the automaker, which plans to transition to an all-electric vehicle lineup by 2035. That started final 12 months with GM saying plans to launch 30 new EVs globally by 2025 below a $27 billion funding in electrical and autonomous automobiles throughout that time-frame.
They convey GM’s board to 13 members, 12 of whom are unbiased administrators. GM CEO and Chairman Mary Barra is the one firm consultant on the board.
“Our numerous Board of Administrators is a aggressive benefit for GM as we work to ship a greater, safer and extra sustainable world,” Barra mentioned in a press release Thursday. “Mark and Meg will carry distinctive experiences to the board, particularly in expertise, model constructing and buyer expertise that may assist us drive worth for shareholders and different GM stakeholders now and into the longer term.”
Whitman, 64, is well-known in Silicon Valley and tech circles. She was most not too long ago president of short-lived streaming platform Quibi. She led HPE from 2015 to 2018, Hewlett-Packard Co. from 2011 to 2015 and eBay from 1998 by way of 2008. She’s recognized for turning round eBay and splitting Hewlett-Packard into two corporations.
“I’ve super respect for the commitments Mary and her workforce are making and the tradition they’ve been constructing,” Whitman mentioned in a launch. “GM’s development technique has all the weather of a startup however with far better scale, thousands and thousands of consumers, and a powerful underlying enterprise. This makes it a really thrilling time to hitch the board.”
Tatum, 51, was appointed COO and deputy commissioner of the NBA in 2014. He’s answerable for the NBA’s international enterprise operations.
“GM is altering a greater than 100-year-old enterprise mannequin and marshalling 1000’s of individuals and billions of {dollars} to drive options that matter for the setting ,communities, companies and traders,” he mentioned in a press release. Becoming a member of the board, he mentioned “is an honor and I look ahead to working with the GM workforce and my fellow administrators to make it occur.”
Whitman and Tatum add to GM’s already-diverse board below Barra. Of the 13 administrators, seven are ladies, one is Hispanic, one is African American and one other is Asian/African American. The automaker turned the primary main industrial company with a fair gender cut up on its board, adopted by a majority of girls administrators in 2019.
The board will stand for election on the firm’s annual shareholders assembly on June 14.