DETROIT (AP) — General Motors has hired away Delta Airlines' CFO to fill the automaker's top financial job.
The Detroit-based company said on Friday that Paul Jacobson will start the new position on Dec. 1.
The 48-year-old Jacobson has been the airline's CFO for the past eight years. He'll replace Dhivya Suryadevara, who left GM in August for Silicon Valley payments startup Stripe.
GM said that Jacobson joined Delta as a financial analyst in 1997 and also served as senior vice president and treasurer.
Delta is widely viewed by Wall Street as the best-run U.S. airline, and was the most profitable carrier for the past decade.
Companies Mentioned in This Article
Compare These Stocks
Add These Stocks to My Watchlist
13 Stocks Institutional Investors Won't Stop Buying
University endowments, pension funds, sovereign wealth funds, hedge funds, and other institutional investors have recently been pouring money into a group of 13 elite stocks.
These institutional investors don't get easily swayed by hot stocks that are popular with retail investors. You probably won't see a Tesla or a SnapChat in this group because institutional investors know that these "popular kid" stocks almost always aren't great investments. However, you will find some incredibly solid companies on this list backed by real earnings and real fundamentals.
We had to comb through every 13D and 13F filing that institutional investors have filed with the SEC in the last quarter to identify these stocks. After reviewing more than 5,000 filings, we have identified 13 companies that institutional investors have been buying left. Big money investors are pouring hundreds of millions of dollars into these stocks.
View the "13 Stocks Institutional Investors Won't Stop Buying".