GM’s new CEO becomes world’s most powerful woman image

After Mary Barra took on the role as CEO of GM in January and even entertained Vice President Joe Biden around the GM exhibit during the Detroit Auto Show has now been named by the Fortune magazine the “Most Powerful Woman in Business” today.

Fortune said that in composing the top it took into account things like the size and importance of a business, the company’s health and overall momentum and the leader’s career, with a big emphasis on the international magnitude of the operation and the executive’s place in the global business community.

Barra is first on this year’s 50 most powerful women globally, followed by Ginni Rometty, chairwoman, CEO and president of IBM, Indra Nooyi, chairwoman and CEO of Pepsi, Maria das Graças Silva Foster, CEO of Petrobras and Ellen Kullman, chair and CEO of DuPont.

“I hope that Mary Barra turns out to be the Alfred Sloan of the 21st century,” said Warren Buffett. “From what I’ve seen, she’s got the goods.” Buffett is the CEO of Berkshire Hathaway, which has around 40 million shares in GM stock.

Barra, which is considered a “lifer” at GM (she started working there after graduating from General Motors Institute – now the Kettering University) said in an interview with the magazine that basically the key to success is being committed to the job – and she never asked for a promotion or a raise during her GM tenure.