Reuters
- Uber shares slipped late Friday after the company confirmed two executives were leaving.
- The company’s chief marketing and operating executives are stepping down, CEO Dara Khosrowshahi told employees in an email.
- Watch Uber trade live.
Uber shares slid by as much as 1.4% late Friday after the company confirmed two executives were leaving the company.
Barney Harford, Uber’s chief operating officer, and Rebecca Messina, the chief marketing officer, are both stepping down, CEO Dara Khosrowshahi told employees in an email Friday.
Two longtime Uber executives are being promoted to fill the roles. Andrew Macdonald will lead operations, and Jill Hazelbaker, who currently runs policy and communications, will also lead the marketing department, according to a company filing. Khosrowshahi said the shakeup allows him to have a more direct hand in daily operations.
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In a filing with the Securities and Exchange Commission Uber also said Jason Droege, the head of Uber Eats, would begin reporting directly to Khosrowshahi. Macdonald will report to the CEO as well. Both will serve as co-managers of its Core Platform business segment.
The two departures come about one month after Uber’s brutal initial public offering that saw the largest first-day dollar loss in a US-listed IPO on record. Shares have fallen by nearly 2% since pricing at $45. The stock closed out the Friday session at $44.16.
You can read the email Uber CEO Dara Khosrowshahi sent to emails detailing the moves here.
Graham Rapier contributed to this report.
