Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter.
Chai informed Uber CEO Dara Khosrowshahi of his intentions
to move on, though a decision on the timing of his departure hasn't been made,
according to the report.
Uber did not immediately respond to a Reuters request for
comment.
Uber's shares, which closed marginally lower on Monday, slid
about 1 percent in post-market trading.
Chai was brought in at Uber as finance chief in 2018 and he
shepherded the company through its IPO a year later.
He has overseen multibillion-dollar deals — including the
$2.65 billion acquisition of Postmates in 2020 and the $2.25 billion buyout of
logistics operator Transplace the following year — as well as divestiture of
assets in some geographies.
Before Uber, Chai had served in senior roles at the New York
Stock Exchange, Merrill Lynch and CIT Group.
Uber is cutting costs even as it rides an upswing in its
business as commuters return after COVID restrictions eased. The company said
in May it was on track to post operating income profits this year.
Last month, Uber Technologies said it was cutting 200 jobs
in its recruitment division amid plans to keep the staff count flat through the
year and streamline costs. The reductions affect less than 1 percent of Uber's
32,700-strong global workforce and follow the ride-share company laying off 150
employees in its freight services division earlier this year. The latest cuts
account for 35 percent of Uber's recruiting team, according to the Wall Street
Journal. © Reuters