Dhivya Suryadevara was promoted to chief investment officer of General Motors Asset Management on Monday.
Ms. Suryadevara replaces Walter G. Borst, who will join Navistar International on Aug. 1 as chief financial officer.
As CIO, Ms. Suryadevara oversees investment management of $86 billion for GMAM, most of which is for General Motors' employee benefit plans.
Ms. Suryadevara was managing director of investment strategy and fixed income for GMAM. She will not be replaced, and her duties have been assumed by others on the investment team, said Dave Roman, a General Motors Co. spokesman, in an interview.
“Dhivya's experience and strong track record in leading our investment strategy and asset allocation for our pension plans will serve her well in this important role for the company,” said Daniel Ammann, General Motors Co. executive vice president and CFO, in a news release.
Mr. Ammann assumed GMAM's CEO and chairman roles held by Mr. Borst, Mr. Roman said. GMAM eliminated the president position, another title Mr. Borst held.