GM Names John Stapleton Acting CFO
General Motors announced the appointment of John Stapleton as the acting global chief financial officer, effective August 15, following the resignation of Dhivya Suryadevara. This leadership change comes as GM seeks to strengthen its financial position. Suryadevara played a crucial role in enhancing GM’s balance sheet and cost structure during her tenure. Stapleton, with a long history at GM since 1990, will oversee the financial strategies while the company searches for a permanent CFO.
- John Stapleton's appointment could bring stability during a critical transition period.
- Suryadevara's tenure was characterized by improvements in GM's balance sheet and cost structure.
- The resignation of a high-profile executive may create uncertainty about GM's financial strategy.
- The need to search for a successor may lead to interim financial management challenges.
DETROIT, Aug. 11, 2020 /PRNewswire/ -- General Motors today announced John Stapleton, GM North America chief financial officer, has been named acting global chief financial officer, effective Aug. 15. The appointment follows the resignation of Dhivya Suryadevara, executive vice president and CFO, who will leave the company for an external opportunity outside the automotive industry. GM will conduct an internal and external search for a successor.
"Dhivya has been a transformational leader in her tenure as CFO," said Mary Barra, Chairman and CEO of General Motors. "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."
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, labor, performance improvement and operations.
"I am grateful for the opportunities I have been given at GM," said Suryadevara. "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."
General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.
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SOURCE General Motors Co.
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