"Dhivya has been a transformational leader in her tenure as CFO," GM CEO Mary Barra said Tuesday in a statement. "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."
Suryadevara, 41, became GM’s first female CFO in September 2018 after holding various roles in GM’s finance office and at GM Asset Management in New York since 2004. Suryadevara grew up in India and moved to the U.S. at age 22 to attend Harvard University.
To help weather the pandemic, GM in March pulled $16 billion from existing credit lines, doubling its cash reserves. GM also suspended its quarterly common-stock dividend and share buybacks. Suryadevara last month said the company would be able to repay the $16 billion loans by the end of this year if the economy continues to recover.
She recently outlined a simplification plan that includes building vehicles in fewer configurations and sharing more parts across brands and segments to cut costs long-term.