Uber CFO Nelson Chai to step down: Report | World News
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Uber Applied sciences Chief Monetary Officer Nelson Chai is planning to depart the ride-hailing firm, Bloomberg News reported on Monday, citing folks accustomed to the matter.
Chai knowledgeable Uber CEO Dara Khosrowshahi of his intentions to maneuver on, although a call on the timing of his departure hasn't been made, based on the report.
Uber didn't instantly reply to a Reuters request for remark.
Uber's shares, which closed marginally decrease on Monday, slid about 1% in post-market buying and selling.
Chai was introduced in at Uber as finance chief in 2018 and he shepherded the corporate by way of its IPO a yr later.
He has overseen multibillion-dollar offers – together with the $2.65 billion acquisition of Postmates in 2020 and the $2.25 billion buyout of logistics operator Transplace the next yr – in addition to divestiture of property in some geographies.
Earlier than Uber, Chai had served in senior roles on the New York Inventory Alternate, Merrill Lynch and CIT Group.
Uber is slicing prices even because it rides an upswing in its enterprise as commuters return after COVID restrictions eased. The corporate stated in Might it was on observe to publish working earnings income this yr.
(Reporting by Yuvraj Malik in Bengaluru; Modifying by Shounak Dasgupta and Shailesh Kuber)
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