GM CFO Jumps Ship For CFO Role At Stripe

As its reach expands throughout the world, Stripe has announced that Dhivya Suryadevara will serve as chief financial officer. Suryadevara joins the payments company from General Motors, where she held the same role, according to a Tuesday (August 11) announcement.

“I’m very excited to join Stripe at a pivotal time for the company. Stripe’s mission to increase the GDP of the internet is more important now than ever,” Suryadevara said. “I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe’s already steep growth trajectory.”

Over 400 new staffers have joined Stripe to date this year, and the company now has a labor force of 2,800 throughout 16 offices. Stripe has also rolled out its service in 15 new nations throughout Asia Pacific, Europe and Latin America.

“Dhivya is a rare leader who has run an industry-leading leviathan but also gets excited about enabling the brand-new products and the yet-to-be invented products, too,” Stripe Co-Founder John Collison said in the announcement, noting that the executive has the knowledge and instincts to guide the company through its expansion in the years to come.

The news comes as Stripe announced that Mike Clayville, who is a veteran of firms such as Amazon Web Services (AWS), BEA Systems and VMware would be coming onboard to assist in expanding the firm’s global sales organization.

Clayville will be the company’s chief revenue officer, according to news at the time, and he will be in control of growing the firm to meet the challenges of the new digital global economy. AWS expanded by approximately $43 billion in annual revenue under Clayville’s supervision.

In April, Stripe announced significant updates to its software that will directly link users with Visa, Mastercard and the globe’s other leading credit card networks. The firm said the effort also encompasses a new revenue optimization technology that it foresees bolstering retailers’ revenue by as much as $2.5 billion in 2020.