So you are telling me they didn't have a CFO this whole time? Since 2015?
When Uber CFO Brent Callinicos left the company in 2015, he created a vacancy that has cast a shadow over the company for the past three years.
Now, after a series of fits and starts in the search for a viable candidate, the company has finally hired a CFO. Nelson Chai, most recently the CEO of insurance firm The Warranty Group, will be tasked with stewarding the company’s initial public offering Uber executives have slated for late 2019.
Finding someone to take on the coveted albeit demanding role over the last year or so has been challenging. Under Uber CEO Dara Khosrowshahi, the company has gotten close to securing a candidate at least twice, several sources told Recode. Most recently, the company had made an offer to VMware CFO Zane Rowe but Rowe declined the offer, Recode confirmed. The Wall Street Journal first reported the talks. The reasons Rowe declined are not clear.
That struggle is not a new one, however. Both board members and top staffers have called former CEO Travis Kalanick’s inability, often described as outright hesitance, to replace Callinicos into question, sources have told Recode. Former Uber board member and Benchmark partner Bill Gurley, for instance, has been the most vocal about the need for companies to go public.