Dhivya Suryadevara, who was GM’s CFO for slightly below two years, has jumped ship for Silicon Valley and the know-how sector, the place she was named CFO of Stripe, the net funds startup.
View Photographs
Dhivya Suryadevara, who was GM’s CFO for nearly 2 years, is held in excessive regard by Wall Avenue analysts
One of many U.S. auto trade’s youngest and highest-ranking executives, Common Motors Co’s chief monetary officer Dhivya Suryadevara, jumped ship on Tuesday for Silicon Valley and the know-how 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-fashioned manufacturing and new age tech.
Stripe was based in 2009; GM is 100 years older. GM reported income of $137 billion final 12 months; Stripe in 2018 reported income of $529 million. GM has 164,000 staff; Stripe has 2,800. GM has a market cap of $42 billion; Stripe is valued at $36 billion, based on investor web site PitchBook, and has raised almost $2 billion from traders.
Suryadevara’s annual compensation at Common Motors totaled to $6.eight million in 2019
Suryadevara, who was GM’s CFO for slightly below two years, was held in excessive regard by Wall Avenue analysts, who had speculated on her potential to safe a chief govt officer place outdoors the auto trade.
Her GM compensation package deal final 12 months totaled $6.eight million. Stripe didn’t say how a lot she could be paid.
In a press release on Tuesday by Stripe, Suryadevara mentioned: “I actually take pleasure in main advanced, large-scale companies and I hope to make use of my expertise to assist speed up Stripe’s already steep development trajectory.”
GM named John Stapleton, at present CFO of North American operations, as performing world finance chief, efficient Aug. 15. Stapleton joined GM in 1990 and has held a sequence of finance roles within the firm.
Suryadevara succeeded Chuck Stevens as GM’s CFO in September 2018. Earlier than that, she was vice chairman of company finance. She joined GM in 2004 as a senior monetary analyst within the Treasurer’s Workplace. GM mentioned it might conduct inner and exterior searches for a everlasting successor to Suryadevara.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
zero Feedback
For the newest auto news and reviews, observe carandbike on Twitter, Facebook, and subscribe to our YouTube channel.
Source by [author_name]
