Mary Barra has been named as the new chief executive of General Motors (GM), taking over the position from Daniel Akerson.
Ms Berra will be promoted from product development chief and has already spent more than 30 years working for the company.
She initially joined GM as an electrical engineering student in 1980 and then worked her way through the product development division of the firm.
"With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today's GM," Ms Barra said in a company statement.
Mr Akerson – the current chief executive and chairman of GM – revealed his departure in a message to the company's employees on Tuesday (December 10th).
"I will leave with great satisfaction in what we have accomplished," he said.
Following the announcement of Ms Berra's promotion to chief executive of GM, the share price of the company rose by 0.5 per cent in after-hours trading on the New York Stock Exchange.
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