Changing the business model
Last year, GM announced it is investing $27 billion through 2025 to launch 30 electric vehicles globally and commercialize self-driving technology. GM said it will sell more than 1 million EVs annually by mid-decade too.
The company has also said it plans to be carbon neutral in global products and operations by 2040, and it aspires to eliminate tailpipe emissions from new light-duty vehicles by 2035.
“I have tremendous respect for the commitments Mary and her team are making and the culture they have been building," Whitman said. "GM’s growth strategy has all the elements of a startup but with far greater scale, millions of customers, and a strong underlying business. This makes it a very exciting time to join the Board.”
Tatum noted that GM is changing its century-old business model and, "marshalling thousands of people and billions of dollars to drive solutions that matter for the environment, communities, businesses and investors."
"Joining the Board and helping accelerate that change is an honor and I look forward to working with the GM team and my fellow directors to make it happen.”
MBAs from Harvard
Whitman, who earned an undergraduate degree in economics from Princeton University and an MBA from Harvard University, was most recently president of Quibi Holdings LLC, a media start-up, from 2018-2021.
From 2011-2015, Whitman was CEO of computer hardware and services multinational Hewlett-Packard Co. She was CEO of Hewlett Packard Enterprise, a global information technology company from 2015-2018 and CEO of eBay Inc. from 1998-2008.
Tatum was appointed NBA deputy commissioner and chief operating officer in early 2014. In his current role, he runs the NBA’s global business operations, including leading the NBA’s international efforts.
Tatum, who joined the NBA in 1999, also oversees the global partnerships, marketing, team marketing and business operations and communications departments.He has a bachelor’s degree in Business Management and Marketing from Cornell University and an MBA from Harvard University.
The Board will stand for election at GM’s annual shareholders meeting on June 14.©2021 www.freep.com. Visit at freep.com. Distributed by Tribune Content Agency, LLC.