- General
- August 2, 2018
- 4 minutes read
Uber appoints Ex-Northrop Grumman CEO Ronald Sugar as independent board chairman
image credit : Uber Ride-hailing behemoth Uber Technologies has named former Northrop Grumman CEO Ronald Sugar as independent chairman of its…
image credit : Uber
Ride-hailing behemoth Uber Technologies has named former Northrop Grumman CEO Ronald Sugar as independent chairman of its board filling the unoccupied position after a year-long search joining the company as it moves to overhaul its corporate governance aiming for an IPO earmarked to happen sometime next year in addition to strengthening its global operations.
Sugar’s reputation in the tech industry stands as remarkable having held stints as President of TRW Aerospace, Litton Industries and Northrop Grumman where he also served as CEO for 6 years in addition to currently holding board positions at Apple, Amgen and Chevron.
Uber’s board currently counts 17 members as the number increased from nearly a year ago after the addition of former Expedia execuitve Dara Khosrowshahi as CEO with the company taking on several processes to refurbish its leadership team as well as its brand image.
Even with its revamp, Uber’s board has seen a very important role empty for some time as the company hasn’t had a permanent Chief Financial Officer since 2015 with its global finance head also having recently departed for a CFO role at food delivery unicorn DoorDash.
Khosrowshahi has voiced his struggles of finding a CFO for Uber in the press with him stating at the Fortune Brainstorm Tech conference which held just last month of finding it hard to select an executive for the role.
“We are running a process that’s taking longer than we’d like,” Khosrowshahi told Fortune executive editor Adam Lashinsky. “I’m being picky here. I want a great, great CFO to lead this company into an IPO and beyond and we have some terrific candidates.”
He reportedly selected VMware CFO Zane Rowe for the position sometime this year but was said to be turned down as Rowe declined the role to continue his tenure at VMware which was notably involved in a quite complex financial deal just last month which saw its majority owner Dell Technologies become publicly traded again.
