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U.S. automaker GM names Suryadevara CFO to succeed Stevens

Reuters 

By Ajmera

(Reuters) - said on Wednesday Dhivya Suryadevara, currently of corporate finance, will succeed on Sept. 1 as of the No. 1 U.S. automaker.

Suryadevara, 39, has played an integral role in some significant deals GM has made as it has restructured operations over the past several years, including the divestiture of the company's European arm and the acquisition of self-driving vehicle startup Cruise. She played a role in securing earlier this month a $2.25 billion investment in GM Cruise by Japanese SoftBank Group Corp, GM said in a statement.

During her 13 years with the Detroit-based company, helped achieve ratings upgrades from all three credit ratings agencies, completed $2 billion in notes issuance to fund discretionary pension contributions and upsized and renewed GM's $14.5 billion revolving credit facility, the company said.

She was named vice president, corporate finance, in July 2017, a job that included overseeing investor relations.

Stevens will remain with the company as an until his retirement in March, the company said. Stevens has worked at GM for 40 years and became in January 2014. (

"We expect a smooth transition and status quo on the strategy," wrote in a note on Wednesday.

(Reporting by in Bengaluru; Editing by Anil D'Silva, and Will Dunham)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 20:42 IST
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