Filings show $3.35 million was awarded as stock and $344,446 came from other types of compensation. Suryadevara, who is the first woman to serve as CFO for GM, will report to GM's Chairman and CEO Mary Barra. Ford releases salary data for entire workforce. Your Ad Choices To find out more about Facebook commenting please read the Conversation Guidelines and FAQs. Mary T. Barra – Chairman and Chief Executive Officer GM, which has been forced to shut some production in North America along with other carmakers, had also said last month that compensation of board members will be reduced by 20 percent, while executives will see a cut of 25 percent to 30 percent. More: GM to restore full pay for 69,000 workers — but CEO to keep salary cut. Suryadevara has joined Stripe, a global online payments company based in San Francisco, as its new CFO, Stripe said in a news release Tuesday. Also, her target compensation of $5 million is about $1 million more than her predecessor Steven’s target compensation was when he was made GM’s CFO in 2014, filings show. Meet the top candidates, New study reveals the locations at highest risk of spreading COVID-19, School board president resigns over wife's racist tweets about Kamala Harris, Celebrity pastor Carl Lentz's alleged mistress tells all: 'I was a drug to him', NYC's heating rules for outdoor dining another burden for restaurants, Beyond Meat falls 20 percent amid surprise loss, McDonald's confusion, Struggling AMC chain launches private theater rentals program, ‘The Bachelorette’ recap: Tayshia Adams is nobody’s sloppy seconds, Christina Aguilera joins Jay-Z’s Roc Nation, apparently, Britney Spears refuses to perform again if her father controls her career, © 2020 NYP Holdings, Inc. All Rights Reserved, Reopened US car factories see coronavirus cases as production rolls on, US auto factories likely to stay closed another two weeks, General Motors suspends dividend, buybacks to conserve cash, Automakers to allow car owners to delay payments due to coronavirus, Rent to sublease office space on Park Avenue unbelievably low, 25 best early Black Friday 2020 deals you can already shop, Need entertainment this winter? Welcome to our new and improved comments, which are for subscribers only. After two years in the role, GM's first female CFO resigns from the post to take job with Stripe, an online payments company. Contact Jamie L. LaReau: 313-222-2149 or jlareau@freepress.com. She was the driving force behind GM's November 2018 announcement it would initially close five plants in North America and cut tens of thousands of salaried and hourly jobs to restructure the company. General Motors CEO Mary Barra received a compensation package worth $21.6 million in 2019, 1.1 percent less than the previous year, according … GM named John Stapleton, currently North America CFO, as acting global finance chief, effective Aug.15. A GM spokesman said Stapleton has held manufacturing finance roles at several of GM's plants and its Detroit headquarters. Stripe’s mission to increase the GDP of the internet is more important now than ever,” Suryadevara said in Stripe's release. In June, GM named Dhivya Suryadevara, 39, as its CFO effective Sept. 1. I don’t think this was something Barra wanted to have happen but it shows the caliber of talent she assembled is good.". "I am grateful for the opportunities I have been given at GM," said Suryadevara. Stapleton has been in his current role since 2014 and he joined the company in 1990. He has been in his current role since January 2014.

Do Not Sell My Personal Information, Your California Privacy Rights Suryadevara assured Wall Street the second half of the year would improve and GM would pay off the $16 billion revolving line of credit it took out earlier this year to make it through the pandemic.

Let friends in your social network know what you are reading about.

General Motors has named John Stapleton acting global chief financial officer, effective Aug. 15. Typed comments will be lost if you are not logged in. Dhivya Suryadevara, 39, is set to succeed GM veteran Chuck Stevens as the automaker’s CFO on Sept. 1. Please be polite. She succeeds Chuck Stevens, 58, who will retire March 1, 2019. Privacy Notice Suryadevara, who is the first woman to serve as CFO for GM, will report to GM's Chairman and CEO Mary Barra. Barra’s total compensation package was valued at $21.63 million, below the $21.87 million she received in 2018.

Barra's total compensation, which includes stock awards and pension changes, represents more than what she actually saw in pay. And, as the Free Press first reported, GM said it would restore full pay to its 69,000 salaried employees a month ahead of schedule. Of that, $1.2 million was salary, $1.77 million was a bonus and $1.01 was received in stock options. General Motors Executives Salary – Fiscal Year Ended in 2019 Daniel Ammann – President This executive earned US$8,971,881 as total compensation including base salary (paid in cash) US$3,371,300, equity awards US$5,228,274, and all other compensation US$372,307.
GM will conduct an internal and external search for a successor. 640, This story has been shared 208 times. That was a decline from her 2016 compensation of $22.58 million when she was the highest paid Detroit 3 executive. All rights reserved. We've received your submission.

Read or Share this story: https://www.freep.com/story/money/cars/general-motors/2020/08/11/gm-cfo-dhivya-suryadevera-resigns-john-stapleton/3342969001/, (Photo: Stuart Ramson for General Motors), GM to restore full pay for 69,000 workers — but CEO to keep salary cut, GM loses $800 million in 2nd quarter, but beats Wall Street projections, GM's Mary Barra earns $21.6 million in 2019, making her top-paid Detroit auto CEO, General Motors names Suryadevara as company's first female CFO, Quicken Loans' parent Rocket shows big profits, does buyback, GM recalls 217K vehicles to fix leak causing cars to stop moving, Michigan small businesses receive nearly $100M in COVID-19 grants, Ford invests in plant, adds jobs to build E-Transit van, Fiat Chrysler, PSA Groupe reveal Stellantis logo, Your California Privacy Rights/Privacy Policy. General Motors' new CFO has a potential to earn about $5 million dollars a year in total compensation, less than her counterpart at Ford Motor Co. who made close to $7 million in 2017, but more than her predecessor.

"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," Barra said in a statement. But with the coronavirus pandemic, 2020 has been a rough year for the auto industry and GM has not escaped unscathed, though it has held up better than its crosstown rivals Ford Motor Co. and Fiat Chrysler Automobiles. Sorry, your blog cannot share posts by email. “I’m very excited to join Stripe at a pivotal time for the company. "We wish her every success.". She said GM would get $2 billion to $2.5 billion in cost savings in 2019 from those actions.

Still, GM said Barra’s compensation was 295 times as much as the company's median employee. Suryadevara, who joined GM in 2005, has served as GM’s vice president of corporate finance since 2017, with responsibility for corporate financial planning and investor relations. Thanks for contacting us. Sitemap Grab this bundle that includes Tidal music streaming, Apple AirPods Pro are $55 off on Amazon — the lowest price ever, Coach Outlet Black Friday deals launch early with 70 percent off handbags, B&H takes up to 45 percent off MacBooks, iPads and more for holiday deals, TikTok parent company asks appeals court to block sell-off requirement, Ric Ocasek's son slams him as a deadbeat dad who 'was never there'. In the second quarter, GM reported a net loss of $800 million, down 132% from the same time a year earlier. She succeeded Chuck Stevens, who retired March 1, 2019.

Follow her on Twitter @jlareauan. He has also been a key leader on several contract negotiations with the UAW, including during last fall's 40-day strike against the automaker in his role as CFO of GM North America.

The appointment follows the resignation of Dhivya Suryadevara, executive vice president and CFO, who will leave the company for an external opportunity outside the automotive industry.

208, © 2020 NYP Holdings, Inc. All Rights Reserved More:GM to restore full pay for 69,000 workers — but CEO to keep salary cut GM ended the quarter with $30.6 billion in automotive cash. Your California Privacy Rights


Assassin's Creed Syndicate The Darkest Hour Helix Glitch, Alila Group Owner, Ac Odyssey Discovery Tour, Seek Sentence Sample, Plan Toys Dolls, Living Room List For New Home, Stephen King Harko, What Is Saving Face In Chinese Culture, Catherine Fulvio Recipes, Logan River Golf, What Country Is The Land Of Nod, Give Me Something Tiktok, Stuart Broad Ex Wife, Ftse Bursa Malaysia Klci Index, How To Write A Formal Email For Job Application, Iv Drip Rate Chart, Spiderhead Chords Grouplove, Enshrined Meaning In Punjabi, Chris Redfield Death Re8, Prime Time News Jamaica 2020, Funny Stories On Importance Of Communication, Shin Megami Tensei: Nocturne Switch, Jamie Oliver Desserts, A Whisker Away Review, Assassin's Creed Valhalla Main Character Male Or Female, Chuck Season 6 Episode 1, Vegan Lemon Loaf Calories, One Stop Bedrooms, Sweet And Low Side Effects, Where Is Palladium Found, Crime In France By Race, Agarwood Seeds Assam, Gelato Greenwich Ave, Assassin's Creed Credits, White Forest Cake Recipe In Marathi, United Furniture Style, Polygenic Risk Score Algorithms, Prufrock And Other Observations Meaning, What Does Cod Mean In Gaming, Public Relations Needs Assessment, Moose Jaw News Police, Mezzati Sheets Review, Application Of Core Logging, Lady Hestia Evans, Introduction To Modern Cryptography (2nd Edition Solution Manual Github), Aguilar Musicman Pickup, Types Of Motives, Supreme Owner Net Worth, Contact Brené Brown, Why Was The Bill Of Rights Created, What Do Angels Actually Look Like Per The Bible, Rig 400 Pro Hc Review, Arisan 2 Tom, With In Greek, Victoria Sponge Cake With Plain Flour, War Of The Dead Game,