Fortune’s Most Powerful Women to Watch, Dhivya Suryadevara, to Step Down as CFO of Stripe
- She joined the global technology company in 2020 after she served as the first female chief financial officer at General Motors.
Dhivya Suryadevara, the chief financial officer of Stripe, a global technology company building economic infrastructure for the internet, is stepping down from her role due to family matters, the Indian American announced on LinkedIn. “I have made the difficult decision to step away from my role at Stripe, as I will be taking some time off to attend to family matters,” she wrote in the post. “Given everything going on at the company, I’ll be working closely with the team until April to ensure a smooth transition.” The company has dual headquarters in San Francisco and Dublin.
The Chennai-born Suryadevara joined Stripe in 2020 from General Motors, where she made history by becoming the first female CFO of the multinational automotive manufacturing company. “My time at Stripe has been a tremendous learning experience,” read her post. “Beyond Finance, I had the fortune of leading our Operations, Risk and Global Partnerships teams. I have been consistently blown away by the quality of the people I work with and have immense confidence in Stripe’s business and leadership.”
Axios reported that news of Suryadevara’s exit comes as “the payments giant is said to be in talks to raise money at a lower valuation to its last funding round.” The company hired “JPMorgan Chase & Co. and Goldman Sachs Group Inc. to explore options for raising cash that the firm plans to use to cash out veteran employees’ restricted stock units in the coming year,” as reported by Bloomberg News. “It has been weighing both a direct listing or a private-market capital raise as part of that work.”
John Collison, Stripe’s co-founder and president, will lead the firm’s finance organization while a search for Suryadevara’s replacement is begun, Bloomberg reported, quoting an anonymous source. “While Dhivya joined as a CFO, her role and impact grew quickly, and many critical parts of the company benefited from her leadership,” Chief Executive Officer Patrick Collison, who co-founded the company with his brother John, said in an emailed statement to Bloomberg News. “We’re fortunate to have worked with her over these last two and a half years, and wish her the very best for the future.”
Before her role as CFO in 2018, Suryadevara worked as the vice president of Corporate Finance at GM in 2017 and was responsible for corporate financial planning and investor relations.
The Harvard Business School Graduate holds some significant achievements and titles to her name including 40 Under 40 (Fortune magazine and Crain’s Detroit Business), MotorTrend’s 2020 Power List, Fortune’s Most Powerful Women to Watch, Automotive News’ 2019 All-Stars, World Economic Forum’s Young Global Leaders among others.