General Motors CFO Dhivya Suryadevara To Join Stripe

General Motors CFO Dhivya Suryadevara To Join Stripe
  • Online payments company Stripe announced General Motors Company (NYSE: GM) CFO Dhivya Suryadevara will be joining the company with the same title

Stripe — a global tech company that is building an economic infrastructure for the internet — announced that Dhivya Suryadevara will be joining the company as Chief Financial Officer. Prior to joining Stripe, Suryadevara has been serving as the CFO of General Motors Company (NYSE: GM) where she is managed a business operating at a massive scale and helped steer the transformation of the iconic manufacturer.


As Stripe’s reach is expanding across the world, Suryadevara will play a crucial role in enabling this aggressive growth while maintaining the highest standards in discipline and fiscal responsibility. At GM, Suryadevara oversaw financial operations amounting to over $100 billion in annual revenue and millions of vehicles delivered annually by 180,000 employees across six continents. And she has a track record of leadership in a high-scale environment and a proficiency in strategic transformation. Plus she played a significant role in capital allocation and spearheaded numerous strategic transactions for the company.


With over 400 new employees coming on board in 2020, Stripe now has 2,800 employees across 16 global offices, keeping the service performing reliably for millions of businesses worldwide. And Stripe has ramped up international expansion significantly over the past year, launching the service in 15 new countries across Latin America, Asia Pacific, and Europe.


Suryadevara’s appointment follows the recent appointments of Mike Clayville (formerly of Amazon Web Services) as Stripe’s Chief Revenue Officer and Trish Walsh (previously at Voya Financial) as General Counsel. And she joins at a point when the dislocations of 2020 spur a marked shift to online commerce. Stripe will soon have paid out $10 billion to customers that joined the platform since the onset of the pandemic in the US in March.


GM North America chief financial office John Stapleton has been named acting global chief financial officer, effective August 31. And GM will conduct an internal and external search for a successor.


Stapleton has been in his current role since January 2014. He joined GM in 1990 and has held a series of finance roles with increasing responsibility in manufacturing, labor, performance improvement and operations.


KEY QUOTES:


“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. I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe’s already steep growth trajectory.”


“I am grateful for the opportunities I have been given at GM. 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.”


— Dhivya Suryadevara


“Dhivya is a rare leader who has run an industry-leading leviathan but also gets excited about enabling the brand-new products and the yet-to-be invented products, too. She has the expertise and the instincts to help steer Stripe through our growth in the years ahead.”


— John Collison, co-founder of Stripe


“Dhivya has been a transformational leader in her tenure as CFO. 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.”


— Mary Barra, Chairman and CEO of General Motors