General Motors has added software innovator Aneel Bhusri to its Board of Directors, becoming the third addition to GM’s Board this year. In March, Meg Whitman, a technology leader and former head of Hewlett Packard Enterprise, and Mark Tatum, deputy commissioner and chief operating officer of the National Basketball Association, became members.
Bhusri is now the thirteenth member, joining the company’s twelve independent directors who have senior leadership and board experience in manufacturing, information technology, digital commerce, retail, higher education, investment management, international affairs, defense, transportation, cybersecurity, and pharmaceuticals, among other fields. Notably, six of GM’s independent directors are women.
“Aneel’s entrepreneurial experience in software and venture capital will benefit GM as we transform the company to better serve our customers, employees and stakeholders,” said GM Chair and CEO Mary Barra. “Adding this type of expertise to our board will help us drive value for shareholders and other GM stakeholders, especially during this period of technological change and growth.”
Bhusri earned an MBA from Stanford University and an undergraduate degree in electrical engineering and economics from Brown University, and he is a Crown Fellow at the Aspen Institute. Previous accomplishments include co-founding Workday in 2005; Workday is now a leading provider of enterprise cloud applications for finance and human resources. He also previously held leadership positions at PeopleSoft, including vice chairman of the Board. In addition, Bhusri is also an advisor at Greylock Partners, a leading venture capital firm, a member of the Board of Trustees at Stanford University, and serves on the Board of Directors at the Memorial Sloan Kettering Cancer Center.
“A massive technological and cultural transformation is taking place at GM that will help usher in an era of cleaner, safer transportation,” said Bhusri. “I look forward to working with GM management and my fellow directors to help the company capitalize on the tremendous opportunity in front of it, especially as it builds value for all stakeholders, and helps build a safer and more sustainable future.”
The addition of Bhusri comes as the automaker is beginning to structure business plans around its new and emerging products, such as the recently announced Ultifi end-to-end software platform.
For those who missed it, the new Ultifi software is based on the latest Vehicle Intelligence Platform (VIP), also known as the Global B electric architecture, which acts as the central nervous system of a vehicle. Using this robust new foundation, the Ultifi platform will enable “accelerated development and deployment of software and applications over the air to millions of customers, without affecting based hardware controls.”
Bhusri’s in-depth experience as a software innovator should surely help GM reach its expectations, which include $50 billion in revenue from Cruise.
GM employment News
No word on if the costs will be handed to the consumer.