Dhivya Suryadevara Leaves General Motors; Appointed as Stripe CFO
By siliconindia | Wednesday, 19 August 2020, 14:33 Hrs
Suryadevara joined general Motors in 2005 and took up the post of Chief Financial Officer in 2018. She succeeded Chuck Stevens, who retired March 1, 2019.
FREMONT, CA: General Motors announced the resignation of Chief Financial Officer Dhivya Suryadevara, who completed two years in the company and is now looking for fresh pastures outside the automotive industry. The company announced that John Stapleton, the company's North America Chief Financial Officer, will take up the mantle as the acting global Chief Financial Officer with effect from August 15.
Suryadevara was the first woman to serve as the Chief Financial Officer at General Motors and has now joined global online payments company based in San Francisco, Stripe, as their new Chief Financial Officer. "I'm very excited to join Stripe at a pivotal time for the company. Stripe's mission to increase the GDP of the internet is more important now than ever," Suryadevara said in Stripe's release. "I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe's already steep growth trajectory."
The move to leave General Motors and join Stripe is a loss for General Motors, and the company is planning to conduct internal and external searches for a successor. "This is so disappointing," said Morningstar analyst David Whiston. "She is very good, and I think other firms realized that and one has now hired her. I don't think this was something GM CEO Mary Barra wanted to have happen, but it shows the caliber of talent she assembled is good."
Suryadevara joined general Motors in 2005 and took up the post of Chief Financial Officer in 2018. She succeeded Chuck Stevens, who retired March 1, 2019. Before taking up the position, Suryadevara worked on General Motors' divesting of its Opel operations in Germany, its acquisition of autonomous technology business Cruise, and its investment in ride-sharing service Lyft, and its partnership with SoftBank to invest USD 2.25 billion in Cruise.
"She has helped the company strengthen our balance sheet, improve our cost structure, focus on cash generation and drive the right investments for our future," said Barra. "We wish her every success."