General Motors GM -0.76% has named its first female CEO, the company announced Tuesday morning. Mary Barra, the company’s executive vice president of global product development, purchasing and supply chain, will take over for current CEO Dan Akerson on January 15, 2014.
Akerson, who has been GM’s chairman and chief executive since September 2010, had been considering a departure but decided to advance his succession plan because his wife was recently diagnosed with a late stage of cancer.
“I will leave with great satisfaction in what we have accomplished, great optimism over what is ahead and great pride that we are restoring General Motors as America’s standard bearer in the global auto industry,” Akerson said in a message to employees, the company reported. Read more here.