GM hires new CFO from Delta Air Lines

/ / News

General Motors Co. said late Friday that Paul Jacobson has joined the company as executive vice president and chief financial officer, effective Dec. 1. Jacobson, who was CFO of Delta Air Lines Inc. , will report to Chief Executive Mary Barra. “Paul is a great addition to the GM senior leadership team and is dedicated to leading the company for the benefit of all stakeholders,” Barra said in a statement. Jacobson joined Delta as a financial analyst in 1997 and became CFO in March 2012. Delta announced in February that Jacobson was retiring, but in April Delta Chief Executive Ed Bastian said he had asked Jacobson to reconsider the decision to retire from Delta and that Jacobson had agreed to rescind his retirement and continue as CFO. At GM, John Stapleton, acting CFO since August, will continue as North America chief financial officer, a position he has held since January 2014, the car maker said. GM’s former CFO, Dhivya Suryadevara, left in August to privately held online commerce firm Stripe Inc., to the surprise of many who considered her one of the auto maker’s fastest-rising stars.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.