Uber

Ride-hailing giant Uber has now appointed a Chief Financial Officer after a long search spanning 3 years by name of Nelson Chai, A notable veteran in the corporate world having held executive stints at Merrill Lynch, Its acquirer Bank of America and the CIT Group.

Chai who held the position of CFO at Merill Lynch will be joining Uber as a major force in preparing the company for a public offering earmarked for next year.

Uber’s has grown its revenues by good rates across recent quarters but has seen losses as it gears profits from its major ride-hailing and food delivery business towards expanding new and existing units including bike sharing, scooters and international expansion.

Chai is tasked with building the company for financial stability suitable for the public markets as Uber’s investors and shareholders get set for ways to gain liquidity through a listing on the stock market.

“I’m incredibly excited to bring on someone as experienced and thoughtful as Nelson,” Uber CEO Dara Khosrowshahi said in a statement. “He will be a great partner for me and the entire management team as we move towards becoming a public company.”

Chai would now begin a major role at the SF headquartered ride-hailing behemoth which declared a record $2.8 Billion in Q2 revenues for this year.

“Uber is one of the world’s most iconic and exciting technology companies, and I’m honored to join as CFO,” said Chai. “I look forward to working closely with Dara and team as we build on the company’s strong growth and forward momentum.”

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