GM Will Soon Have a Female CFO and CEO. That's Rare

By Chris Isidore | CNN Money | July 06, 2018
Read Source

General Motors will soon join an exclusive club of companies that have a woman in both the CEO and CFO roles.

The automaker has been led by Mary Barra since 2014, and on Wednesday it announced that Dhivya Suryadevara will be its new chief financial officer as of September 1.

Only 23 companies in the Fortune 500 have a female CEO. Hershey (HSY) is the only other company on that list that has also women in both the CEO and CFO slots.

American Water Works (AWK) is another company that has women in both jobs. It's a member of the S&P 500, but not quite large enough to make the Fortune 500.

GM by far the largest company with this tandem.

Suryadevara, 38, joined GM in 2005 and has been vice president of corporate finance since July 2017.

GM (GM) said she has played an integral role in some recent, major initiatives.

Suryadevara worked on the sale of Opel, its European division, in 2017. She helped with a $500 million investment into Lyft, and worked to secure a $2.25 billion investment in GM's self-driving car program from Softbank. She previously helped achieve ratings upgrades from all three credit agencies.

The Number of Female Chief Executives Is Falling

The Number of Female Chief Executives Is Falling

The number of female executives fell by 25 percent this year. Experts say the challenges women face are bigger than their individual choices. There ar...

Read more
The New York Times
Q&A: What a Bay Street star says it will take to boost women's ranks in finance industry

Q&A: What a Bay Street star says it will take to boost women's ranks in finance industry

'We haven't seen the change that we would like to see,' says Camilla Sutton, CEO of Women in Capital Markets. For 25 years, Camilla Sutton has been a ...

Read more
CBC Business
Management is key to reigniting the stalled gender-parity revolution

Management is key to reigniting the stalled gender-parity revolution

March 8 marked International Women's Day, 24 hours to celebrate the political, social, economic and cultural achievements of women. Yet in corporate C...

Read more
The Globe and Mail

What is your reaction to the fact that the 61st session of the Commission on the Status of Women will be chaired by a man?