ADVERTISEMENT

ADVERTISEMENT

Uber appoints Balaji Krishnamurthy as CFO

The appointment comes as current CFO Prashanth Mahendra-Rajah steps down from the role on Feb. 16.

Balaji Krishnamurthy / LinkedIn/ Balaji Krishnamurthy

American multinational transportation firm, Uber Technologies, has appointed Indian-origin executive Balaji Krishnamurthy as its chief financial officer, effective Feb. 16.

The appointment comes as current CFO Prashanth Mahendra-Rajah steps down from the role on Feb. 16. He will continue with the company as senior finance advisor, reporting to CEO Dara Khosrowshahi, through July 1.

Also Read: Systems Planning & Analysis names Rajat Badhwar named as CIO

Krishnamurthy, 41, currently serves as vice president, strategic  finance and previously headed Uber’s Investor Relations department. He joined the company in 2019 and has since held finance leadership roles across its mobility and delivery businesses.

Announcing the transition, Khosrowshahi thanked Mahendra-Rajah for his tenure and outlined the rationale behind Krishnamurthy’s appointment.

“I want to thank Prashanth for everything he’s done for Uber. He’s been a great partner in getting us to investment-grade status, spearheading our first share repurchase program, and steering us through several major acquisitions,” he said.

On Krishnamurthy’s appointment, he added, “For those who don’t know Balaji, he is trusted by investors, knows Uber’s business inside and out, and is a brilliant, decisive strategist. He has worked closely with me and our management team for years, and I am thrilled for him to step up as CFO as we kick off another big year for Uber.”

Mahendra-Rajah congratulated his successor and reflected on his time at the company.

“Uber is a once-in-a-generation company with many years of extraordinary growth ahead, and it has been a true privilege to play my part in its success. I also want to congratulate Balaji, who is a superb executive and someone who I’m confident will take Uber to the next level,” he said.

Krishnamurthy described the appointment as a significant moment for the company’s next phase of growth.

“It’s an honor to step into this important role at such an important time for Uber. As the undisputed global mobility and delivery leader, and with significant cash flows, we have the opportunity to further solidify our place as a generational technology company,” he said.

Before joining Uber, Krishnamurthy spent over eight years at Goldman Sachs as vice president in equity research covering U.S. hardware and communications technology. He also worked with Irevna and iTrust Financial Advisors in India and currently serves as a board member at Waabi.

He holds a masters in business administration from management development institute, Gurgaon, completed an exchange program at Copenhagen Business School, and earned a bachelor of engineering in electronics and communications from Manipal Institute of Technology.

Discover more at New India Abroad.

Comments

Related