Uber appoints new CFO as its AV plans accelerate

In Brief

Uber is promoting Balaji Krishnamurthy, its VP of strategical concern and capitalist relations, to beryllium its CFO, replacing its existent concern main Prashanth Mahendra-Rajah.

Krishnamurthy has been astatine Uber for implicit six years, spending astir of his tenure successful the institution successful its capitalist relations division. He often posts astir the company’s autonomous ride-hailing efforts, and has a committee spot astatine AV institution Waabi — truthful the assignment whitethorn beryllium a awesome of the company’s plans to grow its driverless investments and operations.

Indeed, connected the company’s Q4 net telephone connected Wednesday, Krishnamurthy said the institution would put superior successful its AV bundle partners, enactment with AV makers by investing equity oregon via offtake agreements, and “support our AV infrastructure partners.”

“With ample and increasing escaped currency flows, implicit the coming years we volition put with subject crossed a multitude of opportunities, including positioning Uber to triumph successful an AV future,” Krishnamurthy wrote successful a statement detailing the company’s Q4 results.

Uber’s CEO Dara Khosrowshahi said connected the telephone that helium was convinced autonomous vehicles would “unlock a multi-trillion dollar opportunity,” for the company, adding that autonomy “fundamentally amplifies” the strengths of the company’s platform.

“By the extremity of 2026, we expect to beryllium facilitating AV trips successful arsenic galore arsenic 15 cities globally, with a astir adjacent divided of U.S. and planetary cities. And by 2029, we mean to beryllium the largest facilitator of AV trips successful the world,” Khosrowshahi said.

Uber said gross roseate to $14.37 cardinal successful the 4th quarter, up 20% from a twelvemonth earlier, driven by beardown request for its nutrient transportation services.

Mahendra-Rajah is leaving Uber aft 3 years astatine the company.

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