Back in June, General Motors announced that Chief Financial Officer, Chuck Stevens, would retire after four decades of service to the automaker. Succeeding Stevens will be Dhivya Suryadevara. Here’s what we know about GM’s incoming CFO.
Dhivya Suryadevara, 39, has been with General Motors since 2005. She assumed her most recent position of vice president of Corporate Finance in July 2017, where she headed corporate financial planning, investor relations, and special projects. Suryadevara has been integral to GM’s divestiture of Opel, its acquisition of Cruise Automation, investment in Lyft, as well as the recent investment by SoftBank in GM Cruise.
Prior to this, she served as the Finance and Treasurer vice president from 2015 to 2017, where she helped upgrade GM’s credit rating from all three major credit rating agencies. She also pushed for the completion of a $2 billion notes issuance to fund discretionary pension contributions, and upsized the renewed $14.5 billion GM revolving credit line.
From 2013 to 2017, Suryadevara served as CEO and Chief Investment Officer of GM Asset Management, a General Motors subsidiary that is responsible for the management of business and investment activities of its parent’s pension operations.
When Suryadevara joined General Motors in 2005, she held a bachelor’s and master’s degree in commerce from the University of Madras in Chennai, India and an MBA from Harvard Business School. Suryadevara is a Chartered Financial Analyst and a Chartered Accountant. She will report to GM chairman and CEO, Mary Barra, when she assumes her role as CFO on September 1, 2018.
“Dhivya’s experience and leadership in several key roles throughout our financial operations positions her well to build on the strong business results we’ve delivered over the last several years,” said Barra.
Meanwhile, Stevens will stay on as an advisor with the company throughout the next few months until his official retirement on March 1, 2019.