GM Names First Female CFO

A woman will be taking over the role of CFO at General Motors this fall marking the first time the automaker has had a female in that role.

Dhivya Suryadevara, who is 39, will become the CFO on September 1. She will succeed 58-year old Chuck Stevens, who is retiring March 1, 2019, and will be an adviser from September through to his retirement date.

Suryadevara is to report directly to the CEO and Chairwoman at GM Mary Barra. In a statement released by GM to the press, Barra said that Dhivya’s leadership and experience in several important roles across the company’s financial operations positions her nicely to build on strong results the company has delivered the last few years.

In 2014, Barra become the first ever woman to run a carmaker and continues to be the only one. She has pushed for new technologies such as mass-market electric vehicles as well as autonomous vehicles. She shuttered operations that were losing money in Australia, India, Russia and South Africa.

Since July of 2017, Suryadevara has held the position of vice president of corporate finance and has been responsible for financial planning of the corporation, investors relations and other special projects, said GM.

Suryadevara joined the automaker in 2005 and served as the GM Asset Management CEO and CIO between 2013 and 2017. She served as vice president and treasurer between 2015 and 2017. During which she helped to achieve upgrades in ratings from the three credit rating agencies, said GM.

Suryadevara holds a bachelor’s as well as master’s degree from the University of Madras in commerce. The university is located in Chennai, India. She also holds an MBA from Harvard.

The retiring Stevens has worked at GM for the last 40 years and took the position of CFO in January of 2014. He has led the cultural shift at GM within the finance department and pushed to gain strong partnerships in business and accountability for all results.

Stevens’ role was called crucial in achieving profitable growth across the company for the past several years said Barra. The CEO added that Stevens has been a vital part of developing as well as executing all aspects not only the core but business strategies for the future at the company.

Stevens was the CFO for North America at GM between 2010 and 2014. His career started in 1978 with Buick Motor Division.