Indian-American Woman to Become CFO of General MotorsTop Stories

June 14, 2018 09:31
Indian-American Woman to Become CFO of General Motors

(Image source from: Crain's Detroit Business)

An Indian-American woman has been named the Chief Finance Officer (CFO) of General Motors (GM), United States largest automaker.

Dhivya Suryadevara, 39, hailing from Chennai, currently the vice president of corporate finance, will succeed the GM's present CFO Chuck Stevens, on September 1, the company said in a statement.

Suryadevara has been GM's vice president of corporate finance since July 2017. She will report to Chief Executive Officer (CEO) Mary Barra, who has been head of an automaker since 2014.

In the auto industry, Suryadevara and Barra are the first women in their respective positions, as no other major global automaker has a female CEO, nor a CEO and CFO who are both females.

GM will be joining the list of S&P 500 companies, including American Water Works Co., and Hershey Co., with women serving as CFO and CEO.

Suryadevara moved to the U.S. at the age of 22 to pursue her Master of Business Administration from Harvard University. She was graduated and earned master's degree in commerce from the University of Madras in Chennai.

She is a charted financial analyst and accountant, and before joining the Detroit-based GM in 2005, she worked at UBS and PricewaterhouseCoopers.

"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," Barra said in a statement.

Stevens, 58, who has been CFO since January 2014 at the largest U.S. automaker will be retiring in March next year as a more than 40-year veteran of the company.

According to the company statement, Stevens will remain with the company as an adviser until his retirement.

Stevens began at the Buick division in 1978, and he had a key role in GM establishing its joint venture in China with SAIC Motor Corp as well a crucial player in GM selling its long-struggling Opel business to French automaker PSA group.

By Sowmya Sangam

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