On Jan. 15, Mary Barra will succeed Dan Akerson as CEO of the nation’s largest car-maker. GM said that current director Theodore Solso will replace Akerson as company chairman, the Associated Press notes.
Last month, it was reported that Akerson, who is 65, planned to step down as CEO in 2014. GM said that Akerson will retire early because his wife is facing advanced breast cancer.
With Akerson’s retirement looming, at least four candidates had been in the running to replace him, including President of North American operations Mark Reuss, Vice Chairman Steve Girsky, CFO Dan Amman and Barra.
Barra is currently GM’s senior vice president for global product development, overseeing the design of the company’s vehicles for world markets. She holds an MBA from Stanford University and first joined GM in 1980.
Shares of GM were flat in Tuesday morning trading.