Uber’s head of finance leaves, the latest in a string of departures

Another Uber executive is leaving, saying goodbye to the scandals that have rocked the company in recent weeks.

Gautam Gupta, Uber’s head of finance, will leave the company in July to join an unnamed San Francisco startup as chief operating officer, an Uber spokeswoman said Wednesday.

The Wall Street Journal first reported the news.

Gupta joined Uber in 2013 after serving as a vice president at Goldman Sachs, according to his LinkedIn profile.

Gupta is just the latest executive or top manager to leave as Uber struggles with allegations of sexual harassment and other improprieties at the office, fights a lawsuit accusing the company of stealing technology crucial to its self-driving car program, and faces a reported criminal probe into secret software that let Uber evade law enforcement stings. Uber is preparing to reveal the results of an investigation into claims of sexual harassment and other workplace issues at the company in the coming days.

Other recent notable departures include president of ride-sharing Jeff Jones, who quit in March, vice president of engineering Amit Singhal and vice president of product Ed Baker. Uber hasn’t had a chief financial officer since 2015 (Gupta was never elevated to that role), The Wall Street Journal reported.

Uber says the company now will begin searching for someone to fill that role, focusing on candidates who have experience at public companies or who have helped take a company public.

“Gautam is a world-class financial talent,” CEO Travis Kalanick wrote in an emailed statement. “Over the last four years, he has been indispensable in helping build Uber from an idea into the business it is today. We couldn’t have done it without him, and I will miss his energy, focus and infectious enthusiasm. All of us at Uber wish him well in this next challenge.”

Meanwhile, Uber is continuing to lose massive amounts of money — though its losses are shrinking. The company’s first quarter revenue was $3.4 billion, up 18 percent from the quarter before, Uber confirmed to SiliconBeat. Its losses (without employee stock compensation and other items) were $708 million, down from $991 million the quarter before.

“These results demonstrate that our business remains healthy and resilient as we focus on improving our culture, management and relationship with drivers,” an Uber spokeswoman wrote in an emailed statement. “The narrowing of our losses in the first quarter puts us on a good trajectory towards profitability.”

Photo: The logo of the ride sharing service Uber is seen in front of its headquarters on August 26, 2016 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)

 

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