The CFO at General Motors is trading Detroit for Silicon Valley.
Dhivya Suryadevara, a rising star in the auto sector, GM’s first female CFO, and a trusted voice for Mary Barra, is trading Detroit for Silicon Valley in a surprise departure to join the payments startup Stripe. General Motors named John Stapleton, GM North America chief financial officer, as acting global chief financial officer, effective Saturday.
“Dhivya has been a transformational leader in her tenure as CFO,” said Barra, who we spoke with earlier this year. “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, on the other hand, said in a prepared statement: “I’m very excited to join Stripe at a pivotal time for the company. 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 is a company that appears tailor built to sail through the global disruption. It has launched in 15 countries in the past year. According to AP News, the company was founded by brothers Patrick and John Collison and is a competitor of Square, run by Twitter’s Jack Dorsey. Stripe’s technology has become integral to thousands of small businesses through its broad platform. In April, the company said that it had facilitated $1 billion in sales for businesses that began using Stripe since COVID-19 was detected in the U.S.