Suryadevara has been GM’s vice president of corporate finance since July 2017.
DETROIT — The appointment of Dhivya Suryadevara as General Motors CFO will make it the only automaker with a female CEO and CFO — and one of two Fortune 500 companies with women currently in both those posts.
Suryadevara, 39, a Harvard Business School graduate, will succeed Chuck Stevens as General Motors CFO on Sept. 1, GM said Wednesday. Suryadevara has been GM’s vice president of corporate finance since July 2017.
She will report to CEO Mary Barra, 56, who has been head of the automaker since 2014. They will be one of just a few female CEO-CFO pairs in history. Both Barra and Suryadevara are the first women in their respective positions at the automaker. No other major global automaker has a female CEO, nor a CEO and CFO who are both female.
“General Motors has a legacy of firsts when it comes to minorities and women,” the company said in a separate statement on Wednesday. “We’re proud of it, and it is the foundation on which we’ll keep building. We still have more work to do, and we are determined to do it, the right way, for the long term. This mission has no finish line.”
Suryadevara, a native of India, joined GM in 2005 and has since been a part of many of the company’s crucial business decisions, including its recent sale of Opel to PSA Group last year, GM’s acquisition of Cruise Automation, GM’s $500 million investment in ride-hailing company Lyft and a $2.25 billion investment in Cruise last month.
Inforum CEO Terry Barclay told Automotive News the announcement is another indication of GM’s commitment to diversity. Inforum, formerly known as the Women’s Economic Club, is a Detroit-based organization that promotes women-in-business initiatives.
“GM is proving to the auto industry that winning the war for top talent means not allowing half that talent — the female half — to sit on the sidelines,” Barclay said. “They are reaping the benefit of a sustained and thoughtful commitment to inclusivity as a core talent management value.”
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