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Dhivya Suryadevara, who was GM’s CFO for just below two years, has jumped ship for Silicon Valley and the expertise sector, the place she was named CFO of Stripe, the net funds startup.
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Dhivya Suryadevara, who was GM’s CFO for nearly 2 years, is held in excessive regard by Wall Street analysts
One of the U.S. auto business’s youngest and highest-rating executives, General Motors Co’s chief monetary officer Dhivya Suryadevara, jumped ship on Tuesday for Silicon Valley and the expertise sector, the place she was named CFO of Stripe, the net funds startup.
Suryadevara’s journey from the Midwest to California underscores the chasm between old skool manufacturing and new age tech.
Stripe was based in 2009; GM is 100 years older. GM reported income of $137 billion final yr; Stripe in 2018 reported income of $529 million. GM has 164,000 workers; Stripe has 2,800. GM has a market cap of $42 billion; Stripe is valued at $36 billion, in keeping with investor web site PitchBook, and has raised practically $2 billion from traders.
Suryadevara, who was GM’s CFO for just below two years, was held in excessive regard by Wall Street analysts, who had speculated on her potential to safe a chief government officer place outdoors the auto business.
Her GM compensation package deal final yr totaled $6.eight million. Stripe didn’t say how a lot she could be paid.
In a press release on Tuesday by Stripe, Suryadevara stated: “I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe’s already steep growth trajectory.”
GM named John Stapleton, at the moment CFO of North American operations, as appearing world finance chief, efficient Aug. 15. Stapleton joined GM in 1990 and has held a collection of finance roles within the firm.
Suryadevara succeeded Chuck Stevens as GM’s CFO in September 2018. Before that, she was vice chairman of company finance. She joined GM in 2004 as a senior monetary analyst within the Treasurer’s Office. GM stated it might conduct inner and exterior searches for a everlasting successor to Suryadevara.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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