{"id":127118,"date":"2018-06-14T16:08:31","date_gmt":"2018-06-14T20:08:31","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=127118"},"modified":"2018-06-14T17:15:38","modified_gmt":"2018-06-14T21:15:38","slug":"gm-names-suryadevara-to-replace-stevens-as-cfo","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2018\/06\/gm-names-suryadevara-to-replace-stevens-as-cfo\/","title":{"rendered":"GM Names Suryadevara to Replace Stevens as CFO"},"content":{"rendered":"
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Dhivya Suryadevara becomes General Motors chief financial officer on Sept. 1.<\/figcaption><\/figure>\n

General Motors Co. tapped 39-year-old Dhivya Suryadevara to take over one of the company’s senior executive positions, making the company part a select group with women in the role of CEO and CFO.<\/p>\n

GM appointed Suryadevara as Chief Financial Officer,\u00a0effective Sept. 1, 2018. She will report to Mary Barra, GM chairman and CEO, the company said.<\/p>\n

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Subscribe Now!<\/figcaption><\/figure>\n

Suryadevara replaces Chuck Stevens as GM executive vice\u00a0president and CFO, who has elected to retire after more than 40\u00a0years with the company, effective March 1, 2019. will remain with the company as an adviser until his retirement.
\n\u201cDhivya\u2019s experience and leadership in several key roles throughout our financial operations\u00a0positions her well to build on the strong business results we\u2019ve delivered over the last\u00a0several years,\u201d said Barra.<\/p>\n

(GM increasing Bolt production, per Sustainability Report. <\/em>Click Here<\/a><\/span>\u00a0for the story.)<\/em><\/strong><\/p>\n

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GM CFO Chuck Stevens will step down on Sept. 1, but remain as an adviser until March 2019.<\/figcaption><\/figure>\n

Suryadevara has been vice president, Corporate Finance, since July 2017. In this role,\u00a0she was responsible for corporate financial planning, investor relations and special\u00a0projects. She played an integral role in the Opel divestiture, the Cruise acquisition, the Lyft\u00a0investment and more recently, SoftBank\u2019s investment in GM Cruise.<\/p>\n

From 2015 to 2017, Suryadevara served as vice president, Finance and Treasurer. She\u00a0helped achieve ratings upgrades from all three credit ratings agencies, completed the issuance of $2 billion in notes to fund discretionary pension contributions and upsized and renewed GM\u2019s $14.5 billion\u00a0revolving credit facility.<\/p>\n

Suryadevara also served as CEO and chief investment officer for GM Asset Management from\u00a02013 to 2017. In this capacity, she was responsible for the management of business and\u00a0investment activities of GM\u2019s $85 billion pension operations.<\/p>\n

She joined GM in 2005. She received a bachelor\u2019s and master\u2019s degree in commerce\u00a0from the University of Madras in Chennai, India, and an MBA from Harvard Business School.\u00a0She is a Chartered Financial Analyst and a Chartered Accountant.<\/p>\n

(<\/em>Click Here<\/a><\/span>\u00a0for more about\u00a0GM revealing plans to electrify fleet in China.<\/em><\/strong>)<\/em><\/strong><\/p>\n

Stevens, 58, became GM CFO in January 2014. In this position, he led the company\u2019s\u00a0financial and accounting operations on a global basis. Stevens also led a cultural shift within\u00a0the GM finance team, driving for stronger business partnerships and accountability for\u00a0results.<\/p>\n

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With Mary Barra as CEO, GM's one of the few with women in both the CEO and CFO roles.<\/figcaption><\/figure>\n

\u201cChuck has played a crucial role in driving profitable growth across the enterprise for the last\u00a0several years, as well as being a vital part of the development and execution of all aspects of\u00a0the core and future business strategies for the company,\u201d said Barra.<\/p>\n

\u201cChuck has built a very\u00a0strong team of financial leaders around the world who serve as important business partners\u00a0across all markets and operations. I personally want to thank Chuck for being a trusted\u00a0advisor and for his significant contributions, dedication and commitment to GM throughout\u00a0his career.\u201d<\/p>\n

(To see more about SoftBank\u2019s $2.25 billion investment in GM Cruise,\u00a0<\/em>Click Here<\/a><\/span>.)<\/em><\/strong><\/p>\n

Prior to becoming GM\u2019s CFO, Stevens was GM\u2019s CFO for North America from 2010 to 2014.\u00a0He also served as interim CFO for GM South America from December 2011 to January 2013. Stevens previously held leadership positions in China, Singapore, Indonesia and Thailand. He\u00a0began his GM career at Buick Motor Division in 1978.<\/p>\n","protected":false},"excerpt":{"rendered":"

General Motors Co. tapped 39-year-old Dhivya Suryadevara to take over one of the company’s senior executive positions, making the company part a select group with women in the role of CEO and CFO. For details, go to TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":127119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,5],"tags":[],"make":[58],"post-state":[],"category_old":[150,123,299,171,243,169,125],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/127118"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/4389"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=127118"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/127118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/127119"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=127118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=127118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=127118"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=127118"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=127118"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=127118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}