Uber's CFO Nelson Chai to Depart, Marking Significant Executive Exit Since IPO
Portfolio Pulse from Anusuya Lahiri
Uber's CFO, Nelson Chai, plans to leave the company, marking the most significant executive departure since Uber's IPO in 2019. Chai played a crucial role in improving Uber's earnings, cash flow, and operating profitability. Under his tenure, Uber made significant acquisitions and achieved its first-ever quarter of positive adjusted Ebitda. Uber's Q1 FY23 revenue grew by 29% YoY to $8.82 billion, beating the consensus of $8.72 billion.
July 11, 2023 | 11:20 am
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Uber's CFO, Nelson Chai, is leaving the company. His departure could potentially impact Uber's financial performance and strategic decisions, as he played a key role in improving the company's earnings and cash flow.
Nelson Chai's departure could potentially impact Uber's financial performance and strategic decisions. As CFO, he played a crucial role in improving the company's earnings, cash flow, and operating profitability. His departure could lead to uncertainty and potential changes in Uber's financial strategy, which could negatively impact the company's stock price in the short term.
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