Uber is promoting Balaji Krishnamurthy, its VP of strategic finance and investor relations, to be its CFO, replacing its current finance chief Prashanth Mahendra-Rajah.
Krishnamurthy has been at Uber for over six years, spending most of his tenure in the company in its investor relations division. He often posts about the company’s autonomous ride-hailing efforts, and has a board seat at AV company Waabi — so the appointment may be a signal of the company’s plans to expand its driverless investments and operations.
Indeed, on the company’s Q4 earnings call on Wednesday, Krishnamurthy said the company would invest capital in its AV software partners, work with AV makers by investing equity or via offtake agreements, and “support our AV infrastructure partners.”
“With large and growing free cash flows, over the coming years we will invest with discipline across a multitude of opportunities, including positioning Uber to win in an AV future,” Krishnamurthy wrote in a statement detailing the company’s Q4 results.
Uber’s CEO Dara Khosrowshahi said on the call that he 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 end of 2026, we expect to be facilitating AV trips in as many as 15 cities globally, with a roughly even split of U.S. and international cities. And by 2029, we intend to be the largest facilitator of AV trips in the world,” Khosrowshahi said.
Uber said revenue rose to $14.37 billion in the fourth quarter, up 20% from a year earlier, driven by strong demand for its food delivery services.
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Mahendra-Rajah is leaving Uber after three years at the company.
Source: techcrunch.com
