Meg Whitman, Former HP Executive, and NBA Chief Operating Officer Mark Tatum Join General Motors Board

Quibi CEO Meg Whitman speaks during a Quibi keynote address at CES 2020 in Las Vegas, Nevada on January 8, 2020.

Steve Marcus | Reuters

DETROIT – General Motors will add former Hewlett Packard executive Meg Whitman and National Basketball Association chief operating officer Mark Tatum to its board effective immediately.

The elections come at a crucial time for the automaker, which plans to transition to a fully electric vehicle lineup by 2035. That started last year when GM announced plans to launch 30 new electric vehicles globally by 2025 with a investment of $ 27 billion in electricity and freelancers. vehicles during that time period.

They bring GM’s board to 13 members, 12 of whom are independent directors. Mary Barra, GM CEO and president, is the company’s sole representative on the board of directors.

“Our diverse Board of Directors is a competitive advantage for GM as we work to provide a better, safer and more sustainable world,” Barra said in a statement Thursday. “Mark and Meg will bring unique experiences to the board, especially in technology, branding and customer experience that will help us drive value for GM shareholders and other stakeholders now and in the future.”

Whitman, 64, is well known in Silicon Valley and in tech circles. She was recently president of the short-lived streaming platform Quibi. She ran HPE from 2015 to 2018, Hewlett-Packard Co. from 2011 to 2015, and eBay from 1998 to 2008. She is known for turning eBay and splitting Hewlett-Packard into two companies.

“I have great respect for the commitments that Mary and her team are making and for the culture they have been building,” Whitman said in a statement. “GM’s growth strategy has all the elements of a startup, but with a much larger scale, millions of customers and a strong underlying business. This makes it a very exciting time to join the board.”

Tatum, 51, was named the NBA’s chief operating officer and deputy commissioner in 2014. He is responsible for the NBA’s global business operations.

NBA Deputy Commissioner Mark Tatum.

Jesse D. Garrabrant | NBAE | fake images

“GM is changing a more than 100-year-old business model and bringing together thousands of people and billions of dollars to drive solutions that are important to the environment, communities, businesses and investors,” it said in a statement. Joining the board, he said “is an honor and I look forward to working with the GM team and my fellow directors to make this happen.”

Whitman and Tatum join GM’s already diverse board of directors under Barra. Of the 13 directors, seven are women, one is Hispanic, one is African American, and one is Asian / African American. The automaker became the first major industrial corporation with a uniform gender division on its board, followed by a majority of female directors in 2019.

The board will stand for election at the company’s annual shareholders meeting on June 14.


Source link