Uber Hire CFO After Three Years without One

Uber has finally hired a CFO to help it prepare to go public next year. On Tuesday, the ride-hailing company announced that it would hire Nelson J. Chai as CFO a role that since 2015 had been vacant.

Chai arrives at Uber from Chicago-based Warranty Group an insurance and warranty provider where he was the CEO. His resume includes CIT Group president and the CFO at Merrill Lynch & Co.

Uber, which is anticipating filing next year for its IPO, had not had a CFO since 2015 when Brent Callinicos held the position.

Speaking at a tech conference during July, Uber CEO Dara Khosrowshahi said that the search for a CFO was taking longer than he had liked, and that was likely due to him being picky.

In a prepared statement the Uber CEO said that he was very excited to bring in a person as experienced and as thoughtful as is Nelson. He added that for him and the entire management team Chai will become a great partner as the company moves towards its IPO and being a public entity.

In July, Uber’s Prabir Adarkar the head of global finance resigned from the company to take the CFO position at DoorDash the startup specializing in food delivery. Several members of the finance team at Uber are now helping with the duties preparing for the likely 2019 IPO.

Chai is one of many new hires over the past few weeks to bolster the executive ranks at Uber. Last week, Uber named Matt Olsen a former official at NSA as its new chief security officer.

Other important roles in leadership were filled at Uber in July with the hiring of a first-time chief privacy officer and the first data protection officer, which is a position that is required under the new General Data Protection Regulation in the European Union.

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