Business & Finance

Internal Shakeup Triggers Two Senior Executives to Leave Uber

Internal Shakeup Triggers Two Senior Executives to Leave Uber
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Written by George Reid

Cab on call service Uber is letting go of its Chief Operating Officer as well as Chief Marketing Officer a month shy from the rocky stock market the company saw recently.

Employees were informed via email on Friday by CEO Dara Khosrowshahi that he planned to increase involvement in the day to day operations once the initial public offering of stock was over. He mentioned that Barney Harford, the Chief Operating Officer, and Rebeccan Messina, the Chief Marketing Officer will be vacating office.

The Washington Post reported Khosrowshahi saying that there is no correct time to announce such departures or changes, but with the IPO now coming to a close, this was a good enough time to simplify the organization and get set for future transactions.

This change means that the global rides head and food delivery teams will now directly report to him, and the CEO aims to combine the marketing, communications and policy teams into one.

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According to Dara, it is crucial for the company to have a consistent and unified narrative which is communicated to the consumers, partners, press and policy makers alike.

Harford has since thanked Dara saying that he was thankful for the last few years of opportunity, and called the Uber team inspirational and incredible.

Uber is a San Francisco based company and their stocks have struggled since the IPO last month. The strong revenue growth of its first quarter has been reported along with $1 billion worth losses as well. On Friday, their stocks closed at $44.16, which was made public at $45 per share.

Harford was appointed as the COO in December 2017, but ran into some trouble when he allegedly made racially insensitive comments according to a report by the Washington Post. The summer of 2018 saw Uber conducting an investigation into this and Harford was made to go through sensitivity training. The spokesperson for Uber, Noah Edwardsen was quoted by the Washington Post saying that the shuffling of portfolios was not related to this probe.

Messina was hired only last year. She is being replaced by Jill Hazelbaker who has been serving as the company’s senior vice president of policy and communications in a promotion.

About the author

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George Reid

George is Tales Buzz’s pundit of financial and equity markets. His interest lies in writing and publishing stories which take the business world by storm. He is a skillful writer who knows how to represent policy decisions on the economy without prejudiced conjecture.