Good morning. Uber Technologies is seeing more turnover in its finance ranks.
The global rideshare giant announced on Wednesday that CFO Prashanth Mahendra-Rajah, who joined the company in November 2023, will step down on Feb. 16. He will be succeeded by Balaji Krishnamurthy, vice president of strategic finance. The change gives Uber three CFOs in just over three years.
Mahendra-Rajah will remain with Uber (No. 101 on the Fortune 500) as a senior finance advisor to CEO Dara Khosrowshahi through July 1. His separation will be treated as a qualifying termination under Uber’s Amended and Restated 2019 Executive Severance Plan, according to an SEC filing. Mahendra-Rajah succeeded Nelson Chai, who served as CFO from 2018 to 2023, helping lead Uber through its IPO and early post-IPO years. Chai is now the CEO of DailyPay.
During Uber’s earnings call on Wednesday, Mahendra-Rajah shared insight into his departure, explaining that over the holidays, he reflected on Uber’s pro
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