General Motors CEO and chairwoman, Mary Barra, has been ranked the most powerful woman for the second year straight. Those honors don’t come easily.
Fortune has put together Barra’s power sheet, recapping all that she’s done to help bring GM from an inward-thinking company to a future-forward propulsion company.
It starts with the changes GM is not responsible for and cannot control. The auto industry itself is facing incredible disruption through ride- and car-sharing services, electrification and fuel cells are becoming prevalent alternatives to fossil fuels and autonomous driving is closer than ever.
What has GM done under Barra’s tenure in just under three years? It has invested $500 million into Lyft, securing itself a future in ride-sharing; it has launched a personal mobility brand in Maven; the automaker purchased Cruise Automation to quicken its pace in developing autonomous technologies and is on the verge of introducing the 2017 Chevrolet Bolt EV, an electric vehicle with an affordable price tag and 238 miles of range.
Not to mention, within days of taking her position as chief executive officer, GM was thrown into one of the largest and most controversial automotive recalls in history, linking the automaker to over 100 deaths to this day. Her handling has been praised as transparent and even genuine.
But, she’s also helped “melt the frozen middle” of GM management, concerned with simply surviving. Internal GM surveys have consistently shown a positive behavior improvement, achieving “a tremendous improvement in the engagement of employees.”
While the scorecard is full of positive remarks, Wall Street isn’t sold just yet. GM’s stock price hovers lower than its IPO value. Time will tell if Barra’s doing have worked wonders, but the present is full of positive signs.