News Formal

Departure of GM CFO Dhivya Suryadevara highlights ongoing 'brain drain' problem for auto industry

  • 📰 CNBC
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

As the automotive and tech sectors have collided in the past decade with the rise of connected, electric and autonomous vehicles, the competitive landscape for top talent has increasingly become more challenging.

. GM tapped Alan Wexler, former CEO and chairman of digital business firm Publicis Sapient, to run innovation and growth.

"The tech sector is investing and trying to figure out this automotive industry, just like automotive is trying to behave and figure out the tech sector," Marion said. "It facilitates the exchange of talent across those boundaries in a more fluid way." Marion expects mid-career talent who have transferable skills such as Suryadevara to be the most at risk for leaving the automotive industry in the foreseeable future. He said they have "career runway" and the automotive industry is expected to remain an unstable environment in the coming years due to theSuryadevara said it was with "mixed emotions" she was announcing her departure from GM, calling it a "very difficult decision.

"Stripe's mission to increase the GDP of the internet is more important now than ever," Suryadevara, who GM said was unavailable for an interview,Stripe, a private company, didn't disclose details of Suryadevara's benefits package as its CFO. At GM, her total compensation was about $6.8 million in 2019, only trailing GM CEO and Chairman Mary Barra and GM President Mark Reuss.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

THEY NEED ELON!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM Names John Stapleton Acting Finance Chief as CFO LeavesGeneral Motors Chief Financial Officer Dhivya Suryadevara will leave the company, and be succeeded on an interim basis by GM executive John Stapleton.
Source: WSJ - 🏆 98. / 63 Read more »

GM Faces Some Tough Choices as It Searches for a New Finance ChiefGeneral Motors faces a variety of challenges as it looks to recruit a new chief financial officer following the unexpected departure of incumbent Dhivya Suryadevara. Can I have a try Have they tried making good cars?
Source: WSJ - 🏆 98. / 63 Read more »

General Motors CFO Dhivya Suryadevara leaves to become Stripe CFO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »