DETROIT — Dhivya Suryadevara has resigned from General Motors after nearly two years as CFO to become finance chief for the online payments company Stripes.
John Stapleton, GM's North American CFO, will replace Suryadevara on an acting basis while the automaker searches for a permanent successor.
"Dhivya has been a transformational leader in her tenure as CFO," GM CEO Mary Barra said Tuesday in a statement. "She has helped the company strengthen our balance sheet, improve our cost structure, focus on cash generation and drive the right investments for our future. We wish her every success."
Suryadevara, 41, became CFO in September 2018. She led a restructuring plan that year designed to save the automaker $6 billion through 2020. GM has said the plan remains on track. She also guided GM through the financial tolls of the coronavirus pandemic and the 40-day UAW strike last fall.
"I am grateful for the opportunities I have been given at GM," Suryadevara said in the statement. "While I look forward to a new opportunity that will allow me to apply my skills in a new sector, I have great confidence in GM's trajectory and future."
Stapleton has been GM North America CFO since January 2014. He has held a series of finance roles since joining GM in 1990.
Suryadevara's resignation follows the departure of Barry Engle, president of GM North America, last month. Engle was replaced by Steve Carlisle, former president of Cadillac.
Heading west
Suryadevara is leaving GM to become CFO of Stripe, an online payments company in San Francisco.
“I’m very excited to join Stripe at a pivotal time for the company. Stripe’s mission to increase the GDP of the internet is more important now than ever,” Suryadevara said in a statement from Stripe. “I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe’s already steep growth trajectory.”
Stripe has a global work force of 2,800 associates and has added more than 400 employees this year. Over the past year, the company has launched services in 15 countries across Latin America, Asia Pacific and Europe.
