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America’s most highly valued tech “startup” suddenly has no top bean
counter. Uber Technologies chief financial officer Brent Callinicos is
stepping down, according to an internal memo first cited by the Wall Street
Journal (paywall). No replacement has yet been named.
In the memo, obtained by Quartz, Callinicos says he is “going to step back
and spend some time with my family, and let someone else take this amazing
company to the next level as CFO”.
That next level presumably involves an IPO, and already speculation about
the move is headed in that direction.
Callinicos will remain as an advisor to Uber CEO Travis Kalanick, who hailed
his contribution to the company. “Almost 2 years ago, I brought on one of
the great financial operators in Silicon Valley as our CFO. Though two
years sounds short, Uber was a much smaller startup then—about 1/10th the
size we are today,” he said in the staff memo.
The highly popular and at times controversial app-enabled car hailing
service is one of the best funded and highly valued privately held tech
companies on the planet. It last raised money at a valuation north of $40
billion.
If the replacement is someone with Wall Street experience, it would be a
signal that the company’s march toward an IPO is getting closer.
http://qz.com/363756/ubers-cfo-is-leaving/
counter. Uber Technologies chief financial officer Brent Callinicos is
stepping down, according to an internal memo first cited by the Wall Street
Journal (paywall). No replacement has yet been named.
In the memo, obtained by Quartz, Callinicos says he is “going to step back
and spend some time with my family, and let someone else take this amazing
company to the next level as CFO”.
That next level presumably involves an IPO, and already speculation about
the move is headed in that direction.
Callinicos will remain as an advisor to Uber CEO Travis Kalanick, who hailed
his contribution to the company. “Almost 2 years ago, I brought on one of
the great financial operators in Silicon Valley as our CFO. Though two
years sounds short, Uber was a much smaller startup then—about 1/10th the
size we are today,” he said in the staff memo.
The highly popular and at times controversial app-enabled car hailing
service is one of the best funded and highly valued privately held tech
companies on the planet. It last raised money at a valuation north of $40
billion.
If the replacement is someone with Wall Street experience, it would be a
signal that the company’s march toward an IPO is getting closer.
http://qz.com/363756/ubers-cfo-is-leaving/
