SILVER SPRING, Md. (AP) – General Motors Chief Financial Officer Dhivya Suryadevara trades Detroit for Silicon Valley in a surprise move to attend the launch of Jack Dorsey, Stripe.
Suryadevara became a rising star in the automotive sector, at the age of 39 became GM’s first female CFO in 2018 at the age of 39, and quickly became a trusted voice for Mary Barra, the first woman to become a major American car manufacturer stood.
“Dhivya has been a transformation leader in her term as CFO,” Barra said. ‘She has helped the company strengthen our balance sheet, improve our cost structure, focus on cash generation and support the right investments for our future. We wish them every success. ”
Stripe, which developed a fast-paced, mobile payment system that was left alone during the pandemic, is a company that appears to be tailor-made to navigate the global disruption. It has been launched in 15 countries in the past year.
Following its final round of financing, the company places its value at about $ 36 billion, not too far behind GM, which is valued at $ 41.5 billion.
Stripe maintains a balance sheet of $ 2 billion, more fortified than besieged, as so many large companies have become in the COVID-19 crisis.
Adding to Stripe’s customer roster this year alone are the companies Caviar, Coupa, Just Eat, Mattel, NBC, and Paid.
Stripe’s technology has become integrated with thousands of small businesses through its broad platform. In April, the company said it had facilitated $ 1 billion in sales for companies that Stripe began using since COVID-19 was discovered in the US
“I am very excited to join Stripe at a pivotal time for the company,” Suryadevara said in a prepared statement. “I really enjoy leading complex, large-scale businesses and I hope to use my skills to accelerate Stripe’s already steep growth.”
General Motors named John Stapleton, GM Financial Officer of North America, as acting global financial officer, effective Saturday.
