SILVERFRING, Md. – The chief financial officer at General Motors, Dhivya Suryadevara, trades Detroit for Silicon Valley in a surprise departure to join the startup Stripe of payments.
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 during her term as CFO,” Barra said. ‘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 them every success. ‘
Stripe, which has developed a fast-paced online payment system that has become the only pandemic around the world, is a company that appears to be tailor-made to navigate global disruption. It has been launched in 15 countries in the past year.
The company, founded by brothers Patrick and John Collison, is a competitor of Square, run by Twitter’s Jack Dorsey.
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 companies 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.
___
This article has been corrected to clarify Stripe’s business and its position as a competitor to a startup run by Twitter CEO Jack Dorsey.
.
