GM reorganizes IT business to raise software revenue
Summary
"Stacy and Fred bring unique backgrounds and experiences to help us seize the opportunities software plays in our business as we move from automaker to platform innovator." GM is banking on recurring purchases and subscriptions to help double its annual revenue to about $280 billion by 2030 while expanding profit margins to as much as 14 percent. Lynett will lead a new team responsible for customer-facing technology strategy and software product development, reporting to Edward Kummer, the chief digital officer GM hired last month. She was featured on Automotive News list of 100 Leading Women in the North American Auto Industry last year. Both Lynett and Killeen previously reported to Randy Mott, who announced his retirement this month as GMs executive vice president and chief information officer.