Uber Technologies (NYSE: UBER) CEO Dara Khosrowshahi decided to reorganize the company’s leadership a month after the company’s initial public offering (IPO).
In an e-mail to Uber employees, Khosrowshashi announced that the company’s Chief Operating Officer (COO) Barney Harford and Chief Marketing Officer (CMO) Rebecca Messina are leaving.
The company’s stock price declined 1.69 percent to $44.16 per share on Friday.
Khosrowshashi will be more involved in Uber’s daily operations
Khosrowshashi explained that Uber made a lot of progress over the past two years and it is now in a “far better spot both internally and externally.” Because of that, he “now have the ability to be more involved in the day-to-day operations” of the company’s biggest businesses.
According to him, “Barney and I have agreed that the COO role no longer makes sense, and he’s decided to leave Uber. Barney is a talented businessperson, and I can’t thank him enough for all of his contributions in helping get us to and through the IPO.”
