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 accordance with 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 via its IPO a 12 months 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 12 months – in addition to divestiture of belongings in some geographies.
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Before Uber, Chai had served in senior roles on the New York Stock Exchange, Merrill Lynch and CIT Group. Uber is reducing prices even because it rides an upswing in its business as commuters return after COVID restrictions eased. The firm stated in May it was on observe to submit working revenue earnings this 12 months.
Source: economictimes.indiatimes.com