Ride-hailing service, Uber (NYSE: UBER) could see its most significant departure of its executive after the company went public in 2019 after Bloomberg reported that the company’s CFO Nelson Chai is planning to leave the company.
According to the report, Chai has informed CEO Dara Khosrowshahi of his decision though a decision has not been made about when he is likely to formally announce it or leave the company.
An Uber spokesman told Bloomberg, “Over the past five years, Nelson has been essential to putting Uber on secure financial footing, steering the company from billions of dollars in losses. We are not going to comment on any executive’s potential career decisions during a quiet period.”
Analysts remain upbeat about UBER stock with a Strong Buy consensus rating based on a unanimous 31 Buys.