The General Motors Board of Directors on Monday announced that it had unanimously elected Mary Barra as its next chairman, effective immediately. She succeeds Theodore (Tim) Solso, who will continue serving as the Board's Lead Independent Director. Barra has served as GM CEO since Jan. 15, 2014.

"At a time of unprecedented industry change, the Board concluded it is in the best interests of the company to combine the roles of Chair and CEO in order to drive the most efficient execution of our plan and vision for the future," said Solso. "With GM consistently delivering on its targets and on track to generate significant value for its shareholders, this is the right time for Mary to assume this role."

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Source: http://www.clickondetroit.com/