The Top General Motors Shareholders (GM)
General Motors Co. (NYSE: GM) is the quintessential American company. Founded in 1897, the Detroit-based automotive company has weathered its fair share of boom and bust economic cycles that represent a capitalist economy. The company designs, manufactures, markets and distributes new cars, trucks and vehicle parts globally. GM additionally offers consumers automotive financial services.
On July 25, 2018, the company reported Q2 2018 earnings. GM reported an income of $2.4 billion for the last quarter, and EBIT-adjusted of $3.2 billion. As of July 25, 2018, the company had a market capitalization of $55.6 billion. Here are General Motors’ three largest individual shareholders.
Mary Barra is General Motors’ CEO. She was appointed to the role in January 2014 when former CEO Daniel Akerson left the company. Barra, who is General Motors’ first female CEO, was also elected chairman of the company’s board in January 2016. She is the largest individual shareholder, owning 696,981 shares as of an SEC filing dated April 1, 2018. Before leading the company, she held various internal leadership roles, commencing her career with General Motors in 1980. She is seen as a perfect fit to take the company forward and advise the company’s board with her extensive engineering background in global product development, one of General Motors most critical business areas. She has won a number of industry recognition awards, which include being named one of the 100 leading women in the North American auto industry. Barra holds a Bachelor of Science in Electrical Engineering and a Master of Business Administration (MBA).
Daniel Ammann is the current president of General Motors and has been in the role since January 2014. As of April 1, 2018, Ammann holds 259,340 shares, making him the second largest shareholder of the company. Before his role as president, he was the company’s chief financial officer and executive vice president between 2011 and 2014. Ammann initially joined General Motors in 2010 as vice president of finance, and treasurer. He has experience in the financial industry, having held prominent roles with Morgan Stanley (NYSE: MS) in its industrial investment banking division. Ammann is an independent director of Hewlett Packard Enterprise Co. (NYSE: HPE), which provides information technology solutions. He holds a bachelor’s degree in Management Studies in Economics and Finance from the University of Waikato.
Mark L. Reuss is an executive vice president and leads the design, engineering, safety, quality, research and development, advanced vehicle technology and program management of cars, trucks and crossovers globally. He joined the company as an intern in 1983, when he was studying at Vanderbilt University to be a mechanical engineer. He later got his MBA from Duke University. Reuss is the son of Lloyd E. Reuss who became the eighteenth president of GM in 1990. Reuss is the third largest shareholder as of the last filing on April 1, 2018, with his 203,934 shares.
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