Uber COO, marketing chief step down in leadership overhaul - memo

REUTERS

REUTERS

Khosrowshahi will now oversee the company's core business, after spending much of the past two years traveling the world, meeting with government leaders and pitching prospective investors ahead of what became the biggest initial public offering on a United States exchange in five years.

When Uber hit the stock market last month, its shares immediately went into reverse, dropping by 18 percent on its first day of trading. He also promoted two longtime Uber executives to help fill the void.

He cited a need for a clear and consistent "narrative" at Uber when it comes to how the company is seen by consumers, partners, policymakers, and the press as a factor in his decision to consolidate the marketing, communications, and policy teams. "Barney is a talented businessperson, and I will be succesful to't thank him ample for all of his contributions in serving to in discovering us to and by contrivance of the IPO".

CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed.

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"Given that we're a month past the IPO, now is one of those times", The Verge quoted Khosrowshahi as saying. The investigation was closed a year ago and found no evidence of discrimination, the company said. Under his leadership, we've increased our focus on engagement with the launch of our rider and driver loyalty programs; improved the customer experience by eliminating tens of millions of defects through ContactLess100; and strengthened the critical partnership between our product/tech and business teams. Barney will be around until July 1 to help me with the transition.

The heads of the company's global rides and food-delivery teams will now report directly to Khosrowshahi. Reporting to Mac will be Pierre, Troy (CommOps), Gus (Safety & Insurance), Ronnie (U4B) and Mike (Product Ops).

Jason and the Eats group of workers will now furthermore describe straight away to me. Given this, Rebecca and I have agreed it makes sense for her to move on. She also oversaw marketing for Uber as it prepared for its IPO. Part of the reason for the change, Mr Khosrowshahi wrote to staff, is that "marketing is so important to our business, and our brand continues to be challenged", according to Reuters. He had been with the company for almost two years, according to Harford's LinkedIn account.

As always, I will be on the All Fingers on Tuesday (from our DC space of business) to acknowledge to your questions.

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