Uber hires CFO on the road to IPO

San Francisco: Uber named a news chief financial officer as the smartphone-summoned ride service remained on the road to a stock market debut next year. Nelson Chai (pictured) came on board from Chicago-based insurance firm Warranty Group, where he was chief executive, according to Uber. “I’m incredibly excited to bring on someone as experienced and thoughtful as Nelson,” Uber chief executive Dara Khosrowshahi said in a release. “He will be a great partner for me and the entire management team as we move towards becoming a public company.” Uber has expressed plans for an initial public offering of shares late next year. — AFP