{"id":151300,"date":"2020-08-11T12:30:10","date_gmt":"2020-08-11T16:30:10","guid":{"rendered":"https:\/\/www.thedetroitbureau.com\/?p=151300"},"modified":"2020-08-11T12:04:14","modified_gmt":"2020-08-11T16:04:14","slug":"gm-cfo-suryadevara-jumping-to-same-job-at-silicon-valley-startup","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2020\/08\/gm-cfo-suryadevara-jumping-to-same-job-at-silicon-valley-startup\/","title":{"rendered":"GM CFO Suryadevara Jumping to Same Job at Silicon Valley Startup"},"content":{"rendered":"
\"\"<\/a>
GM CFO Dhivya Suryadevara is leaving the company to take the same role at online startup Stripe.<\/figcaption><\/figure>\n

Automakers have been luring high-level executives from outside the industry for several years, and the tech industry struck back as General Motors CFO Dhivya Suryadevara is leaving to take the same role at Stripe, an online payment startup.<\/p>\n

Suryadevara was named chief financial officer a little more than two years ago, replacing Chuck Stevens. Her ascension to the job made the automaker one of a small group of companies with women in the role of CEO and CFO.<\/p>\n

\u201cDhivya has been a transformational leader in her tenure as CFO,\u201d said Mary Barra, GM chairman and CEO. \u201cShe has helped the company strengthen our balance sheet, improve our cost structure, focus on cash generation and drive the right investments for our future. We wish her every success.\u201d<\/p>\n

<\/p>\n

(GM names\u00a0<\/strong><\/span><\/em>Suryadevara to replace Stevens as CFO.)<\/u><\/i><\/b><\/a><\/p>\n

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General Motors has named John Stapleton acting global chief financial officer, replacing Suryadevara.<\/figcaption><\/figure>\n

Suryadevara, 41, spent much of her career with the company, starting in 2005. She\u2019s steadily moved up into roles of increasing responsibility until making the jump from Vice President, Corporate Finance in 2018.<\/p>\n

\u201cI am grateful for the opportunities I have been given at GM,\u201d said Suryadevara. \u201cWhile I look forward to a new opportunity that will allow me to apply my skills in a new sector, I have great confidence in GM\u2019s trajectory and future.\u201d<\/p>\n

She noted that \u201creally enjoy(s) leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe\u2019s already steep growth trajectory.\u201d Stripe, which started in 2009, has about 2,800 employees in 16 offices, handling about $10 billion in transactions in 2019.<\/p>\n

(GM beats forecast but still in the red for pandemic-hit second quarter.)<\/strong><\/span><\/em><\/a><\/p>\n

It\u2019s quite a difference from GM, a Fortune 20 company with about 180,000 employees on six continents and revenue exceeding $100 billion.<\/p>\n

\"\"<\/a>
When CEO Mary Barra named Suryadevara CFOF, GM became part of a small group of companies with women in both roles.<\/figcaption><\/figure>\n

However, Silicon Valley businesses remain hot \u2014 comparing Tesla\u2019s market cap to GM\u2019s only confirms the appeal of left coast tech companies. In fact, GM\u2019s market cap is only slightly higher than the much small Stripe: $42 billion versus $36 billion.<\/p>\n

On an interim basis, John Stapleton, who has been GM\u2019s CFO for North America, is taking over for Suryadevara. He took his current job when Suryadevara\u2019s predecessor Stevens moved into the CFO\u2019s job.<\/p>\n

(GM suffers big drop in second-quarter sales.)<\/strong><\/em><\/a><\/span><\/p>\n

Stapleton has been in his current role since January 2014. He joined the company in 1990 and has held a series of finance roles with increasing responsibility in manufacturing, labor, performance improvement and operations. GM plans to conduct internal and external searches for a permanent successor to Suryadevara.<\/p>\n","protected":false},"excerpt":{"rendered":"

Automakers have been luring high-level executives from outside the industry for several years, and the tech industry struck back as General Motors CFO Dhivya Suryadevara is leaving to take the same role at Stripe, an online payment startup. Get details at TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":150744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5,12],"tags":[],"make":[58],"post-state":[],"category_old":[118,150,151,123,131,299,243,132,125,124,139,148,128,291,288],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/151300"}],"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=151300"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/151300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/150744"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=151300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=151300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=151300"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=151300"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=151300"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=151300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}