General Motors just announced Paul Jacobson as the new executive vice president and chief financial officer, effective as of December 1st. Jacobson will report to General Motors CEO Mary Barra.
“Paul is a great addition to the GM senior leadership team and is dedicated to leading the company for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders,” Barra said in a recent announcement. “We share a commitment to teamwork and inclusion as we work toward our vision of a future with zero crashes, zero emissions and zero congestion while delivering a best-in-class customer experience, operational and financial excellence, and disciplined capital allocation.”
Jacobson previously served as CFO at Delta Air Lines, a position he held since 2012, prior to which he was a financial analyst at Delta. During his tenure at Delta, Jacobson helped to land the airline on Fortune magazine’s Top 50 Most Admired Companies list six years running, and he was named the airline industry’s best CFO eight times by Institutional Investor magazine.
Jacobson’s education includes a bachelor’s degree in aviation management from Auburn University, as well as a Master of Business Administration degree from the Owen Graduate School of Management at Vanderbilt University. Jacobson also serves on the board of trustees for the Auburn University Foundation, The Harbert College of Business Advisory Council at Auburn, and The Owen Graduate School of Management Board of Visitors at Vanderbilt.
“GM’s vision is compelling because it embraces the needs of society, customers and investors, and they are executing an historic technology shift to electrification from a position of strength,” Jacobson said. “I look forward to joining the team and helping them accelerate their plan.”
General Motors acting CFO, John Stapleton, will continue as North America chief financial officer. Stapleton assumed the role of acting CFO following Dhivya Suryadevara’s resignation in August.
“I appreciate John’s leadership and willingness to take on two roles during our search for a new CFO,” Barra said. “John’s passion for operations allowed us to take full advantage of the market recovery in North America, and he has helped the entire company meet the global challenges of the COVID-19 pandemic, execute aggressive plans to protect our finances, and drive strong launch and sales performance.”