UAW VP Poised To Join GM Board
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DETROIT (WWJ) – UAW Vice President Joe Ashton has been nominated to serve on the General Motors Board of Directors.
Ashton would represent the UAW retiree health care trust fund, which still has a stake in General Motors. He would replace Steve Girsky, who wants to stay on the board in a different capacity.
“Joe brings a wealth of knowledge from his work across many industries, especially his deep understanding how labor strategy can contribute to a company’s success,” said GM Chairman Tim Solso. “Steve has 25 years of experience in the automotive sector and has served the GM board well. Because of his extensive experience with the company, his expertise will continue to be invaluable to GM.”
Currently, Ashton leads the UAW’s GM department, and was responsible for negotiating the 2011 contract with the company. He plans to retire when his term ends this summer.
The final decision on GM board members will be made at the company’s annual meeting, which has been scheduled for June 10th, at the Renaissance Center.
The information is contained in GM’s annual proxy report, which confirms that new CEO Mary Barra has the potential of earning $14.4 million this year. GM has modified its executive pay structure to compensate leaders base on whether or not they meet individual goals.