General Motors has announced the appointment of Dhivya Suryadevara as Chief Financial Officer, effective Sept. 1, 2018. The Indian-origin Suryadevara will report directly to Mary Barra, GM chairman and CEO. Dhivya would replace Chuck Stevens, GM executive vice president and Chief Financial Officer, who has indicated his plans to retire after more than 40 years with the company, effective March 1, 2019. Stevens will remain with the company as an advisor until his retirement. Suryadevara had joined GM in 2005.
“Dhivya’s experience and leadership in several key roles throughout our financial operations positions her well to build on the strong business results we’ve delivered over the last several years,” said Barra. Suryadevara, 39, has been vice president, Corporate Finance since July 2017. In this role, she has been responsible for corporate financial planning, investor relations and special projects. She played an integral role in the Opel divestiture, Cruise acquisition, Lyft investment and more recently, SoftBank’s investment in GM Cruise. From 2015 to 2017, Suryadevara served as vice president, Finance and Treasurer. She helped achieve ratings upgrades from all three credit ratings agencies, completed $2B notes issuance to fund discretionary pension contributions and upsized and renewed GM’s $14.5B revolver.
Suryadevara also served as CEO and Chief Investment Officer for GM Asset Management from 2013 to 2017. In this capacity, she was responsible for the management of business and investment activities of GM’s $85B pension operations. She has received a bachelor’s and master’s degree in commerce from the University of Madras in Chennai, India and an MBA from Harvard Business School. She is a Chartered Financial Analyst and a Chartered Accountant. “Chuck has played a crucial role in driving profitable growth across the enterprise for the last several years, as well as being a vital part of the development and execution of all aspects of the core and future business strategies for the company,” said Barra.