Leadership shake-up: Uber chief tightens grip with top execs' departures

Leadership shake-up: Uber chief tightens grip with top execs' departures

Leadership shake-up: Uber chief tightens grip with top execs' departures

Shares of Uber Technologies Inc. fell more than 1% in the extended session Friday after a report on CNBC said its chief operating officer and chief marketing officer are leaving the ride-hailing company.

Neither will be replaced directly, instead the heads of Uber's core businesses (Rides and Eats) will report directly to the CEO, while the marketing, communications and policy departments will be combined into one, all under former VP of communications and public policy Jill Hazelbaker. Uber has been working to reform its image after female employees accused the company of failing to address allegations of sexual harassment and of fostering a "tech bro" atmosphere.

Two of Uber's top executives were pushed aside last week in a management shake-up at the ride-share company following its lackluster initial public offering.

Uber's highly anticipated Wall Street debut quickly turned into a debacle when it opened on its first day of trading at $42 a share - below its IPO price of $45. That included commenting on people's hairstyles or style of dress, the people said.

In a letter to Uber staff on Friday, Mr Harford thanked employees and outlined a few of the company's signature accomplishments.

Barney Harford, Chief Operating Officer (COO) of Uber listens to a question during a news conference in New Delhi, India, April 18, 2018.

Harford was appointed to COO in December 2017. In a memo to coworkers shared with CNNMoney last July, Harford described allegations as "painful" and said he was "embarrassed".

Uber spokesman Noah Edwardsen said that Harford's departure was unrelated to the investigation, which has since concluded. Some employees more recently expressed dismay at Harford's 2018 compensation, which at $47.6 million (roughly Rs. 330 crores) outpaced even Khosrowshahi's.

Messina's tenure at Uber lasted just nine months.

"It's increasingly clear that it's crucial for us to have a consistent, unified narrative to consumers, partners, the press and policymakers", he said.

As part of the same overhaul, Khosrowshahi also made a decision to combine Uber's marketing, communications and policy teams, which according to him would help maintain a "unified narrative to consumers, partners, the press, and policymakers". She is leaving the firm less than a year after being hired as Chief Marketing Officer (CMO). In Rebecca's time here, she stood up our first global marketing organisation and helped showcase the best aspects of our brand during our IPO. The investigation was closed a year ago and found no evidence of discrimination, the company said.

Star Wars: Jedi Fallen Order Looks Absolutely Awesome in First Extended Gameplay
Destiny 2 Cross Save Confirmed For All Platforms, Including PS4