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August 11, 2020

GM CFO leaving for payment start-up

Payment start-up Stripe has snagged General Motors' chief financial officer Dhivya Suryadevara amid an e-commerce boom brought on by the pandemic.

By Olly Wehring

Payment start-up Stripe has snagged General Motors ' chief financial officer Dhivya Suryadevara amid an e-commerce boom brought on by the pandemic.

CNBC noted Suryadevara was named the automaker's first female finance chief in 2018, leading it through a pandemic that pressured GM finances this year as global factories were closed.

At Stripe, she will have to balance "aggressive growth while maintaining the highest standards in discipline and fiscal responsibility", CNBC quoted Stripe as saying. 

"Stripe's mission to increase the GDP of the internet is more important now than ever," Suryadevara said in a press release quoted by CNBC.

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

In a statement, GM said John Stapleton, GM North America chief financial officer, had been named acting global chief financial officer, effective 15 August. GM said Suryadevara would leave the company "for an external opportunity outside the automotive industry" and it would conduct an internal and external search for a successor.

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

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