Indian Dhivya Suryadevara Named CFO of US Biggest Auto Company GM
2018-06-14    [Source:ETAuo.]
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General Motors said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on September 1 as chief financial officer of the No. 1 U.S. automaker.

Suryadevara, 39, has played an integral role in some significant deals GM has made as it has restructured operations over the past several years, including the divestiture of the company's European arm Opel and the acquisition of self-driving vehicle startup Cruise.

She played a role in securing earlier this month a $2.25 billion investment in GM Cruise by Japanese tech giant SoftBank Group Corp, GM said in a statement.

During her 13 years with the Detroit-based company, Suryadevara helped achieve ratings upgrades from all three credit ratings agencies, completed $2 billion in notes issuance to fund discretionary pension contributio ns and upsized and renewed GM's $14.5 billion revolving credit facility, the company said.

She was named vice president, corporate finance, in July 2017, a job that included overseeing investor relations.

Suryadevara, an Indian, was born the year after Stevens began his career in General Motors. She was named Automotive News Rising Star in 2016 and a Crain's Detroit Business 40 Under 40 winner last year.

After completing her college in India, Suryadevara moved to the US at age 22 to attend Harvard. Suryadevara's first job was with the investment bank UBS and after a year working there she joined GM at an age of 25.

Her family lives in New York, she often commute between Detroit and New York to meet her husband and daughter there.

Stevens will remain with the company as an adviser until his retirement in March, the company said. Stevens has worked at GM for 40 years and became CFO in January 2014.

"We expect a smooth transition and status quo on the strategy," RBC Capital Markets analyst Joseph Spak wrote in a note on Wednesday.

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