Home / Business / GM appoints Dhivya Suryadevara CFO to replace retiring Chuck Stevens

GM appoints Dhivya Suryadevara CFO to replace retiring Chuck Stevens

Suryadevara, a native of India, joined GM in 2005 and has since been a part of many of the crucial business decisions of the Detroit-based company, including the sale of Opel to PSA Group last year, the acquisition GM's Cruise Automation, GM's $ 500 million investment in the Lyft company and an investment of $ 2.25 billion in Cruise last month.

She was the treasurer of GM 2015-17 and responsible for the management of the commercial and investment activities of the pension operations of 85 billion GM as CEO and head of investments. Officer of GM Asset Management 2013-17.

In 2012, Suryadevara was part of a small team that cut about $ 29 billion of GM's pension burden by moving some salaried retirees to a group annuity. "Nothing on that scale had been done before," said Suryadevara Automotive News in 2016. "We really did not have a roadmap on how to structure and execute a deal like that"

. " Dhivya's leadership in several key roles in all of our financial operations positions her well to take advantage of the strong business results we have delivered in recent years, "Barra said in a statement.

She has been traveling between Detroit and New York, where her husband and daughter live.

The executive director of Inforum, Terry Barclay, Automotive News that the announcement is another indication of GM's commitment to diversity. Inforum, formerly known as the Women's Economic Club, is an organization based in Detroit that promotes women's initiatives in business.

"GM is demonstrating to the auto industry that winning the war for the best talent means not allowing half of that talent – the female half – to sit on the sidelines," Barclay said. "They are reaping the benefit of a sustained and reflective commitment to inclusion as a core value of talent management."

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