Uber Technologies has appointed Prashanth Mahendra-Rajah as its new chief financial officer (CFO). Mahendra-Rajah will join the company on Nov. 13, bringing with him experience and expertise in financial management and strategy, Uber said in a Wednesday (Sept. 27) press release. Currently serving as the CFO of semiconductor...
Logistics firm Flexport has lost two more high-level executives as it tries to regain profitability. Chief Financial Officer Kenny Wagers and Jennifer Boden, vice president of people tech and employee experience, are both stepping down, a company spokesperson told the Wall Street Journal (WSJ) Wednesday (Sept. 27). Earlier this month, CEO...
Before becoming CEO of Starbucks, Laxman Narasimhan worked as a barista at one of its stores. This isn’t a rags-to-riches story. The six months Narasimhan spent learning how to whip up frappuccinos were designed to help the CEO-to-be bridge a gap between Starbucks’ executives and...
Caribou Financial has a new CEO, one focused on expanding the lender’s auto loan refinancing presence. “It’s a pretty simple business and it’s just a huge opportunity,” Simon Goodall, formerly Groupon’s chief commercial officer, told Bloomberg News in an interview Monday (Sept. 25). He is taking the job immediately, and...
The Federal Reserve is reportedly reducing its workforce, cutting approximately 300 positions this year. The staff cuts primarily affect the 12 regional reserve banks and focus on information technology roles and payment processing positions, Reuters reported Friday (Sept. 22). The move comes as the Fed...
Remote has unveiled a platform designed to help companies hire, manage and pay their globally distributed workforces. The new Global HR Platform aims to address the challenges faced by companies managing remote workers with a compliant HR system that streamlines the employment lifecycle, the provider of...
Amazon is reportedly set to hire Microsoft’s product chief to oversee its devices business. Panos Panay, who announced he was leaving Microsoft Monday (Sept. 18), will now become head of the division that makes products like Amazon’s voice assistant Alexa, Bloomberg News reported, citing sources...
Square CEO of Block Alyssa Henry will depart the company on Oct. 2. Henry will be succeeded by Jack Dorsey, the company’s Block head and chairperson, who will also serve as the Square head, the company said in a Monday (Sept. 18) filing with the Securities and Exchange Commission (SEC). “Ms....
Co-op Solutions has announced the appointment of Dean Michaels as the new president/CEO, following the departure of Todd Clark. Clark led the company through a period of expansive growth, increasing revenues and expanding product offerings during his more than seven years with the company, Co-op Solutions said in a...
