Economy

Two senior Uber executives leave company after internal shakeup

Two senior Uber executives leave company after internal shakeup

Two of Uber's top executives were pushed aside last week in a management shake-up at the ride-share company following its lackluster initial public offering. Khosrowshahi wrote that the IPO has "allowed him to be even more involved in the day-to-day operations of Uber's biggest businesses, the core platforms of Rides and Eats".

As part of the reorganisation, which was detailed in the memo seen by several news outlets, Mr Khosrowshahi said he had eliminated the position of COO, which Barney Harford had held since January 2018.

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In 2018, Harford came under fire for his comments about an advertisement that features a mixed-race couple. In a memo to coworkers shared with CNNMoney last July, Harford described allegations as "painful" and said he was "embarrassed". He also promoted two long-time Uber executives to help fill the void.

Uber has under-performed in its first month as a public company, as investors question its ability to someday turn a profit. Given that we're a month past the IPO, now is one of those times, and I've been discussing this topic a lot with Barney and the leadership team. The company posted strong revenue growth in its first quarter as a public company, but also $1 billion in losses. The stock traded below its initial price of $45 (roughly Rs. 3,100) until this week. Shares fell as much as 2.29% in extended trading after Bloomberg reported the executive departures. Internal investigations that year led to the dismissal of more than 20 employees. Harford, the former CEO of Orbitz, was named COO in December 2017.

More news: Godzilla: King of the Monsters Earns US$49 Million in U.S.

Mr Macdonald, who will lead operations, started at Uber in 2012 as a general manager in Toronto. Both were hired by Uber co-founder Travis Kalanick and became trusted allies of Khosrowshahi.

Jill Hazelbaker, will lead a newly combined team of marketing communications and policy as senior vice president of marketing and affairs.

Given that Marketing is so important to our business, and our brand continues to be challenged, I have also chose to unify all marketers across Performance, Product, Rides, Eats, Safety, ATG, Freight, Nemo, and Employer Brand globally under Jill.

Messina was hired by Uber a year ago.


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