Summary
American Tower Corporation (AMT) announced a significant change to its Board of Directors on June 13, 2017, with the election of Grace D. Lieblein as a new director, effective immediately. Ms. Lieblein brings extensive experience from her long tenure at General Motors Company (GM), where she held various high-level leadership positions in areas such as global quality, purchasing, supply chain, and international operations. Her appointment, which includes a role on the Audit Committee, is expected to bolster the board's expertise and oversight.
Key Highlights
- 1Grace D. Lieblein elected as a new director to the Board of Directors, effective June 13, 2017.
- 2Ms. Lieblein appointed as a member of the Company's Audit Committee.
- 3Ms. Lieblein has a strong background in automotive manufacturing and global operations, having served as VP, Global Quality at General Motors.
- 4Her previous leadership roles at GM include VP of Global Purchasing and Supply Chain, President of GM Brazil, and President of GM Mexico.
- 5Ms. Lieblein currently serves as a director for Southwest Airlines Co. and Honeywell International Inc.
- 6She will receive standard compensation for non-employee directors.
- 7The company issued a press release on June 14, 2017, announcing this board appointment.
Frequently Asked Questions
Grace D. Lieblein is a newly elected director to American Tower's Board. She has a extensive career at General Motors, where she held senior leadership roles including Vice President of Global Quality, Vice President of Global Purchasing and Supply Chain, and President of GM Brazil and GM Mexico. She also currently sits on the boards of Southwest Airlines Co. and Honeywell International Inc.
Her appointment to the Audit Committee suggests the board values her financial oversight and operational experience, particularly from her background in large, complex global organizations like General Motors. This could enhance the board's ability to effectively monitor financial reporting, internal controls, and audit processes.
Ms. Lieblein will receive the company's standard compensation package for non-employee directors. Specific details of this compensation are not provided in this filing but are typical for board members in publicly traded companies.