General Motors Co. CEO Mary Barra has been crowned tops in a new Fortune magazine list of the Most Powerful Women.
The Detroit automaker’s top executive since early 2014, Barra, 53, was cited by Fortune for leading the carmaker “out from under the shadow of its 2014 ignition-switch recall.”
The ignition-switch recall tied to 124 deaths has cost GM billions of dollars and it faces multiple lawsuits and investigations by the Department of Justice, Securities and Exchange Commission, 50 state attorneys general and Transport Canada. [The criminal lawsuit was settled on September 17, 2015 in lieu of a $900 million dollar fine. See article above]
“In recent months she has beaten back headwinds from weak international markets, as sales of expensive trucks and SUVs have soared,” Fortune said. “Barra was one of the few female CEO participants in the viral #ilooklikeanengineer Twitter campaign, which promoted women in tech.”
Barra ranked No. 2 on the same list a year ago. In this year’s list, she beat out women such as Indra Nooyi, chairperson and CEO of PepsiCo and Ginni Rometty, CEO chairperson and president of IBM.