On September 3, 2024, General Motors Company (GM) announced the appointment of Alfred F. Kelly, Jr., the former Chairman and CEO of Visa Inc., to its Board of Directors. The Board has confirmed that Mr. Kelly qualifies as an independent director under the New York Stock Exchange listing standards and GM's independence guidelines. Mr. Kelly's extensive experience in financial services and technology, including his leadership at Visa during a time of significant global growth, is expected to complement GM's strategic focus on electric vehicles, autonomous technology, and software and services. As a non-employee member of the Board, Mr. Kelly will receive an annual retainer of $325,000, personal accident insurance, and will participate in the company vehicle program. He is...Show More

On September 3, 2024, General Motors Company (GM) announced the appointment of Alfred F. Kelly, Jr., the former Chairman and CEO of Visa Inc., to its Board of Directors. The Board has confirmed that Mr. Kelly qualifies as an independent director under the New York Stock Exchange listing standards and GM's independence guidelines. Mr. Kelly's extensive experience in financial services and technology, including his leadership at Visa during a time of significant global growth, is expected to complement GM's strategic focus on electric vehicles, autonomous technology, and software and services. As a non-employee member of the Board, Mr. Kelly will receive an annual retainer of $325,000, personal accident insurance, and will participate in the company vehicle program. He is also required to defer 60% of his annual Board retainer into Deferred Share Units (DSUs) under the General Motors Company Deferred Compensation Plan for Non-Employee Directors. The press release announcing Mr. Kelly's election was issued on September 5, 2024. GM's Board now comprises 13 directors, with a diverse range of expertise and a majority being independent directors.