Uber gets new chief financial officer

Uber gets new chief financial officer

Uber announced on Thursday the appointment of Prashanth Mahendra-Rajah as their new chief financial officer.

The CFO of the semiconductor business Analog Devices, Mr. Prashanth Mahendra-Rajah, will start working for Uber on November 13, the ridesharing company revealed on Wednesday.

““Prashanth is an incredibly skilled and dynamic finance executive, with decades of experience across a variety of complex industries. I’m confident he’ll be able to help us deliver even more innovation and efficiency as we continue this next phase of profitable growth,” Uber CEO Dara Khosrowshahi said in a statement.

Mahendra-Rajah will join Uber as it struggles with slow growth following a post-pandemic increase in rider numbers. The company announced this month that its revenue increased 14% for the quarter, a little slower than in recent months. However, Uber also announced a record quarterly free cash flow and its first-ever unadjusted profit.

The statement comes over two months after Uber said that Nelson Chai, the company’s current CFO, would be leaving by January and that a hunt for his successor had already begun. Chai has served as the organization’s finance director since 2018.

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As the CFO of Analog Devices, Mr. Mahendra-Rajah oversaw the chipmaker’s financial strategy amid a boom in demand for semiconductors, which they use to develop AI models.

Mahendra-Rajah, who holds a BS in chemical engineering from the University of Michigan, an MS in engineering from Johns Hopkins University, and an MBA from the Krannert School of Management at Purdue University, earlier served as the CFO of WABCO Holdings Inc., a supplier of commercial vehicle technologies.

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