Uber has named Balaji Krishnamurthy as its new chief financial officer. He will take over for Prashanth Mahendra Rajah, who is leaving the position. Later this month, the change is anticipated to go into effect.

Key Highlights

• Uber appoints Balaji Krishnamurthy as CFO effective February 16, succeeding Prashanth Mahendra-Rajah, strengthening leadership.
• Krishnamurthy, an Indian-origin executive with strategic finance experience, will shape Uber’s financial and growth strategy.

Since joining Uber in 2018, Krishnamurthy has had a number of high-level positions, such as head of investor relations and vice president of corporate finance. In these positions, he collaborated directly with the company's leadership on financial planning, capital allocation, and interactions with international investors. Additionally, he has represented Uber on earnings calls and at investor events.

Uber's most recent quarterly earnings were released concurrently with the appointment. Although the company's revenue exceeded analyst estimates, its profit margin fell short of projections. Additionally, Uber provided forecasts for the next quarter that fell short of market expectations.

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Through interviews and social media posts, Krishnamurthy has discussed autonomous cars and Uber's robotaxi ambitions in public. Uber intends to implement self-driving cars on its platform in a few international regions and has established agreements with autonomous vehicle businesses.

The business has already said that over the coming years, driverless rides will be introduced in a number of cities.