General Motors CFO-Dhivya Suryadevara
Dhivya Suryadevara- the first women from Chennai to getting the position as CFO in the automobile industry; the No. 1 US largest automaker, General Motors. Currently, she is the Vice President of Corporate Finance, will succeed Chuck Stevens, the GM’s present CFO, on September 1. She will report to the GM’s CEO Mary Barra, who has been head of an automaker since 2014 and the only woman to run an automobile industry.
First Women as CEO and CFO in the automobile industry:
Mary Barra and Suryadevara are the first two woman in respective positions in the auto industry. None any other women globally to get the positions as CEO or CFO. Within a short period of time, General Motors will be in a list of S&P 500 companies, including Hershey Corporation and American Water Works Corporation with a woman as serving as CEO and CFO.
In the month of June 2017 she played a role in securing a $2.25 billion investment in GM Cruise by Japanese tech giant SoftBank Group Corp, and GM’s investment in San Francisco-based on-demand transportation company Lyft, it added. She served as CEO and Chief Investment Officer for GM Asset Management from 2013 to 2017. Even she was responsible for the management of business and investment activities of GM’s $85 billion pension operations.
Roles and Responsibilities:
In her vice president role, since July 2017 she is responsible for corporate financial planning, investor relations and special projects. She played a vital role in some significant deals GM has made as it has restructured operations over the past several years, including the divestiture of its European arm Opel and the acquisition of self-driving vehicle startup Cruise.
Words by Mary Barra:
“Dhivya’s experience and leadership in several key roles throughout our financial operations position her well to build on the strong business results we’ve delivered over the last several years”.
She has done her Bachelor’s and Master’s Degree from Chennai, India i.e University of Madras. After completion of Masters at the age of 22, she has moved to the US to pursue her MBA from Harvard University. Before joining Detroit- based GM in 2005; her first job was with investment bank UBS and PricewaterhouseCoopers.
Until his retirement, Stevens will remain the company adviser and the journey with GM as a CFO will be 40 years up to next March.
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