Senior executives leave Uber after internal shakeup

News
Uber Autonomous Vehicles_1557313652687

FILE – In this March 15, 2017, file photo, a sign marks a pick up point for the Uber car service at LaGuardia Airport in New York. Uber will resume testing autonomous vehicles in an area near Downtown Pittsburgh starting Thursday, Dec. 20, 2018. (AP Photo/Seth Wenig, File)

NEW YORK, NY (AP) — Uber is parting ways with two of its top executives less than a month after the company’s rocky stock market debut.

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. He said the heads of the company’s global rides and food-delivery teams will report directly to him, and Chief Operating Officer Barney Harford will leave the company.

Khosrowshahi said he plans to combine the marketing, communications and policy teams, and Chief Marketing Officer Rebecca Messina also will leave the company.

“It’s increasingly clear that it’s crucial for us to have a consistent, unified narrative to consumers, partners, the press and policymakers,” Khosrowshahi said.

San Francisco-based Uber’s stock has struggled since its initial public offering last month. The company posted strong revenue growth in its first quarter as a public company, but also $1 billion in losses.

The stock closed Friday down 76 cents, or 1.7%, at $44.16. It went public at $45 a share.

“This is Dara asserting more control over the company and taking over the wheels at a time the company really needs to execute in the eyes of the public investors,” said Dan Ives, managing director of equity research at Wedbush Securities. “It’s a double-edged sword for him because it’s going to put that much more pressure on the success of Uber riding on his shoulders.”

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Videos

Motorcyclist and bicyclist killed after collision on Bayshore Blvd.

Thumbnail for the video titled "Motorcyclist and bicyclist killed after collision on Bayshore Blvd."

The latest on the coronavirus pandemic

Thumbnail for the video titled "The latest on the coronavirus pandemic"

Coronavirus TPA

Thumbnail for the video titled "Coronavirus TPA"

Adult, 2 kids found dead in Spring Hill home

Thumbnail for the video titled "Adult, 2 kids found dead in Spring Hill home"

Local company donates 1,000 hand sanitizer units to hospital workers during coronavirus outbreak

Thumbnail for the video titled "Local company donates 1,000 hand sanitizer units to hospital workers during coronavirus outbreak"

Churches working to make Easter Sunday special in the midst of Coronavirus pandemic

Thumbnail for the video titled "Churches working to make Easter Sunday special in the midst of Coronavirus pandemic"

Racial disparities reflected in COVID19 death rates for African-Americans

Thumbnail for the video titled "Racial disparities reflected in COVID19 death rates for African-Americans"

Friday Morning Forecast

Thumbnail for the video titled "Friday Morning Forecast"

Tampa Police officers salute heroes from Tampa General Hospital

Thumbnail for the video titled "Tampa Police officers salute heroes from Tampa General Hospital"

Pasco Co. woman dies from coronavirus, family has a warning for others

Thumbnail for the video titled "Pasco Co. woman dies from coronavirus, family has a warning for others"

Charity groups come together to feed farm worker

Thumbnail for the video titled "Charity groups come together to feed farm worker"
More Local News

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss