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Last Updated : Jun 15, 2018 02:03 PM IST | Source: Moneycontrol.com

Indian-American woman to become CFO of US carmaker General Motors

An Indian-American woman, Dhivya Suryadevara has been named the Chief Finance Officer of the US' largest automaker, General Motors

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US automobile giant General Motors announced on Wednesday that they have promoted their Vice President of Corporate Finance, the 39-year-old Dhivya Suryadevara, to the Chief Financial Officer position. The first female CFO appointed by GM, Suryadevara succeeds Chuck Stevens with effect from September 1.

As per a General Motors release, Dhivya played a significant role in securing a $2.25 billion investment in GM Cruise by Japanese tech giant SoftBank Group Corp, revealed a statement by GM.

Suryadevara played a crucial role in some of the most lucrative and big deals of GM such as - the divestiture of the Opel, acquisition of Cruise a self-driving vehicle startup and investment in Lyft.

She was also actively involved in the company's important transitions, whenever GM restructured operations over the past several years.

GM in its official announcement about her appointment shared how Suryadevara in the last 13 years of her service with the Detroit-based company, achieved the following milestones for the company.

  • Upsized and renewed GM's $14.5 billion revolving credit facility

  • Helped achieve ratings upgrades from all three credit ratings agencies and

  • Outstanding performance in Completing $2 billion in notes issuance to fund discretionary pension contributions

In July 2017, she was designated as Vice President for Corporate Finance where she was assigned the job of overseeing investor relations.

"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," Barra said in a statement.

 

Suryadevara earned her bachelor's and master's degrees in commerce from the University of Madras in Chennai, India She moved to the US at the age of 22 to persue her MBA from Harvard University.

She is a chartered financial analyst and accountant, and worked at UBS and PricewaterhouseCoopers before joining the Detroit-based GM in 2005 at the age of 25.

(With inputs from PTI)
First Published on Jun 14, 2018 11:25 am
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