General Motors said on Friday that it has hired Paul Jacobson, 48, as executive vice president and chief financial officer, effective December 1.
Prior to this, John Stapleton will continue to hold two positions: as chief financial officer of General Motors North America and acting global CFO. He assumed the position on August 31.
GM Chief Executive Mary Barra (Mary Barra) said: “Paul is an important member of GM’s senior leadership team, committed to leading the company for the benefit of all stakeholders.” “In achieving zero accidents, zero emissions and zero When we have a congested future vision, we are committed to teamwork and tolerance.”
Dhivya Suryadevara, GM’s first female chief financial officer, resigned from the position of chief financial officer of Stripe, a global online payment company headquartered in San Francisco, and was hired for only two and a half months. She has been the chief financial officer of General Motors for more than two years.
Eight times best CFO
Jacobson joined Delta Air Lines based in Atlanta in 1997 as a financial analyst. He held various positions there, including senior vice president and treasurer, until he became the airline’s chief financial officer in March 2012. GM said he was named the best CFO in the aviation industry eight times in a poll of Wall Street analysts and investors by Institutional Investor magazine.
Delta CFO Ed Bastian praised Jacobson in an article on the Delta News Hub in April and said that he asked Jacobson to reconsider his decision to retire from Delta in April.
Bastian wrote: “I’m pleased to announce that Paul has agreed to withdraw his retirement and continue to serve as our executive vice president and chief financial officer.” Jacobson’s experience and guidance is critical to Delta’s response to this pandemic. The initial response is crucial.
Bastian wrote: “Under his leadership, we have improved liquidity through the commercial market and expanded our cash position.” “Paul and his team are implementing our cost-reduction strategy while also advancing The road has played an important role, so when the recovery comes, Delta has the ability to lead the industry.”
Bastian praised Jacobson for “developing and leading a strategy to recapture investment-grade balance sheets when he emerged in the difficult years after September 11, 2001,” when the terrorists would Commercial aircraft arrives at the World Trade Center in New York and the Pentagon in Washington, DC
Dream of becoming a pilot
Jacobson said that part of the reason for choosing to join General Motors was that the automaker had a vision for the future of all-electric vehicles.
He said in a statement: “GM’s vision is compelling because it meets the needs of society, customers and investors, and they are executing a historic technological transformation from a strong position to electrification.”
Jacobson is from Minnesota and dreams of becoming a pilot, he told Delta News Center. He joined the Air Force ROTC and obtained a pilot’s license when he had to disclose his medical history.
Jacobson said: “I have had asthma since I was a kid, but I got rid of asthma since I was 14 years old.” “Unfortunately, the deadline for the ROTC program is 12, and it may happen again after that. I have Publicly disclosed… Obviously, this is the right thing to do. But I cannot become a pilot.”
He said he was frustrated, but decided to pursue a career in aviation management. He graduated from Auburn University in Auburn, Alabama in 1994 with a bachelor’s degree in aviation management. Later, he received an MBA from the Irvine School of Management at Vanderbilt University.
He is a board member of the Auburn University Foundation, the Hubbert Business Advisory Committee of Auburn, and the visiting committee of the Irvine School of Management at Vanderbilt University in Nashville, Tennessee.
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