GM adds former Lockheed executive as 5th female director

Gooden, 61, also served on the National Security Telecommunications Advisory Committee, appointed by President Barack Obama in 2010.

DETROIT (Bloomberg) -- General Motors Co. added Linda Gooden, a former executive vice president of Lockheed Martin Corp., as a director, giving the board a fifth woman and second black member.

Gooden, 61, retired from Lockheed in 2013. She also served on the National Security Telecommunications Advisory Committee, appointed by President Barack Obama in 2010.

She joined GM's board Thursday as its 13th director.

American companies have been adding more female directors in recent years. Women make up about 19 percent of the board members in the Standard & Poor's 500 Index, an increase from 16 percent in 2009, according to executive recruiter Spencer Stuart. Those boards last year added 110 women, the most ever, the recruiter said in a November report.

GM CEO Mary Barra is the only company executive on the board. GM's other black board member is Errol Davis Jr., the retired superintendent of Atlanta Public Schools.

About 9 percent of directors at the largest 200 companies in the S&P 500 are black, Spencer Stuart said.

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