More 100 years after its founding, an iconic automaker is putting a major crack in the corporate America’s glass ceiling. General Motors announced Dhivya Suryadevara as its new chief financial officer this week, setting the stage for the automaker to become far and away the biggest company in the world headed by both a woman CEO and CFO. When Suryadevara officially assumes her duties in September, GM, which has been led by Mary Barra since 2014, will become the only company beside Hershey in the Fortune 500 to have a woman CEO and CFO. According to Anna Beninger, senior director of research and corporate engagement partner at Catalyst, the reason so few companies employ both a woman CEO and CFO is straightforward — few companies have a woman in either position to start with.
I am proud to congratulate Dhivya Suryadevara on becoming CFO @GM. Dhivya’s experience and leadership well positions her to continue playing a key role in driving strong business results. https://t.co/FXvniGN5It
— Mary Barra (@mtbarra) June 13, 2018
Suryadevara, 39, has served as vice president of corporate finance for GM since 2017 and has achieved a number of remarkable successes since she joined the car manufacturer in 2005. She has been credited with helping land a $2.25 billion investment in the company’s self-driving cars from Softbank, pushing for the company’s $500 million investment into Lyft, and overseeing GM’s sale of Opel, the manufacturer’s European division.
According to CNN, Suryadevara’s rise comes after a year in which the number of women CEOs at Fortune 500 companies dropped by more than a quarter. On the bright side, before the departure of leaders such as Yahoo’s Marissa Mayer and Hewlett Packard’s Meg Whitman, the number of women CEOs in the Fortune 500 had been at a record high of 32.
Read the full story at CNN.