Uber CFO Nelson Chai to step down: Report | World News

Uber Applied sciences Chief Monetary Officer Nelson Chai is planning to depart the ride-hailing firm, Bloomberg News reported on Monday, citing individuals acquainted with the matter.

Chai knowledgeable Uber CEO Dara Khosrowshahi of his intentions to maneuver on, although a choice on the timing of his departure hasn't been made, in response to 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 reducing prices even because it rides an upswing in its enterprise as commuters return after COVID restrictions eased. The corporate mentioned in Could it was on monitor to publish working revenue income this yr.

(Reporting by Yuvraj Malik in Bengaluru; Enhancing by Shounak Dasgupta and Shailesh Kuber)