Uber has hired former Merrill Lynch CFO Nelson Chai to take the reins of the company's finance department. Chai, who joined Uber's board in 2013, will be responsible for overseeing all aspects of its business and operations, including finance, human resources, legal, legal services, corporate development and operations. Uber has struggled to make a profit, losing as much as $1.27bn in H1 2016.
Uber has hired former Merrill Lynch CFO Nelson Chai to take the reins of the company's finance department. The position had been vacant for three years and the board wanted the company to have its finances in order before it goes public. Uber has struggled to make a profit, losing as much as $1.27bn in H1 2016.