SAN FRANCISCO — After a yearslong search, Uber has finally found a chief financial officer as it advances toward an initial public offering. The ride-hailing company said Tuesday that it had hired Nelson J. Chai, 53, a former executive at Merrill Lynch and CIT Group, to be its new chief financial officer. The appointment fills a prominent void in Uber’s executive suite: The job had been vacant since Brent Callinicos departed in 2015. Yet Uber’s financial picture may deter some investors. Last week, Uber posted a loss of $891 million for the second quarter, which was slightly narrower than a year earlier.

Source: New York Times August 21, 2018 15:56 UTC