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Chuck Stevens Calling It a Day, Rising Financial Star Tapped As GM’s CFO

Image: General Motors

Chuck Stevens assimilated General Motors’ Buick multiplication as a really immature kid in 1978, one year after a automaker’s gargantuan full-sizers strike a gym and sent buyers flocking to dealerships. Now 58, Stevens says he’ll step down from his purpose as arch financial officer and executive clamp boss during a commencement of September. He’ll sojourn as an confidant until Mar 2019.

GM named Stevens CFO for a tellurian operations in 2014; before that, he oversaw a automaker’s North American finances starting in 2010 — a violent time for The General.

In his wake, a lady whose actions helped rustled adult utterly a bit of income for a automaker will collect adult where he left off.

Starting Sep 1st, Dhivya Suryadevara takes over as CFO. A 13-year GM veteran, Suryadevara, 39, served as GM Asset Management’s  CEO and arch investment officer beginning in 2013, adding a pretension of VP of financial and treasurer in 2015. Since final July, she’s served as VP of corporate finance.

Making income (and saving it) is Suryadevara’s forte. The automaker credits her for personification an “integral role” in a merger of Cruise Automation, a company’s self-driving car branch, as good as a division’s new $2.25 billion investment from Japan’s SoftBank. She also had a palm in GM’s investment in ride-hailing association Lyft.

These are bets that could compensate large dividends in a future, though GM’s 2017 sale of a European operations was all about slicing lax a financial vessel anchor. Try as it might, Opel couldn’t beget a profit, and GM’s word of a day was “streamlining.” Suryadevara played a heading purpose in that division’s sale to France’s PSA Group.

“Dhivya’s knowledge and care in several pivotal roles via a financial operations positions her good to build on a clever business formula we’ve delivered over a final several years,” pronounced GM CEO Mary Barra in a statement.

Barra saw fit to Stevens a intense send-off.

“Chuck has played a essential purpose in pushing essential expansion opposite a craving for a final several years, as good as being a critical partial of a growth and execution of all aspects of a core and destiny business strategies for a company,� she said. “Chuck has built a really clever group of financial leaders around a universe who offer as critical business partners opposite all markets and operations. we privately wish to appreciate Chuck for being a devoted confidant and for his poignant contributions, loyalty and joining to GM via his career.�

[Image: General Motors]

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