Uber has announced the promotion of Balaji Krishnamurthy to the position of Chief Financial Officer (CFO), succeeding Prashanth Mahendra-Rajah, as reported by TechCrunch. Krishnamurthy, who previously served as Uber’s VP of strategic finance and investor relations, brings over six years of experience within the company, notably involved in its investor relations division.
This move signals Uber’s intensified focus on autonomous vehicles (AV), with Krishnamurthy actively engaging in the company’s autonomous ride-hailing initiatives and holding a board seat at AV firm Waabi. During the recent Q4 earnings call, Krishnamurthy outlined Uber’s strategic plans to invest in AV software partners, collaborate with AV manufacturers through equity investments or offtake agreements, and bolster support for AV infrastructure partners.
Uber’s CEO, Dara Khosrowshahi, highlighted the strategic importance of AV technology in enhancing the company’s platform capabilities and disclosed ambitious goals for AV adoption, aiming to facilitate AV trips in 15 cities globally by the end of 2026 and become the leading provider of AV trips worldwide by 2029.
With revenue climbing to $14.37 billion in Q4, driven by robust demand for its food delivery services, Uber’s strategic shift towards AV technology under Krishnamurthy’s financial stewardship underscores the company’s commitment to innovation and future growth.
Source: TechCrunch