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Uber CFO quits, sparking IPO rumours

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A look at the leadership team on the Uber website shows no mention of Callinicos, however, the man who helped raise over $5bn for the company will stay with the technology company in an advisory position, according to the report.

Prior to joining the firm in 2013, he worked at Google as a chief accountant and treasurer, though his impressive CV lacked overseeing an IPO, which has prompted speculation the company is preparing to go public.

Indeed, Forbes listed CEO and founder Travis Kalanick was named on this year’s billionaires list with a fortune of $5.3bn, so the company’s IPO is largely expected –despite its many controversial headlines from breaking regulations to threatening journalists.

Former Goldman Sachs VP Gautam Gupta, who joined Uber two years ago, will act as the head of finance until a new permanent CFO – perhaps with experience in a public business – has been appointed.

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In an email, Kalanick said: “Almost two years ago, I brought on one of the great financial operators in Silicon Valley as our CFO. Brent has done a wonderful job here at Uber but has decided that it is time for his next journey, one where his wife and daughter take the front seat.”

Meanwhile, Callinicos explained his personal life was the reason for his departure in a separate email that said: “It is time to do what I have desired for a very long time; time to keep a promise to my wife of not missing another school play, swim meet, or academic achievement of our daughter’s childhood.”

Uber is valued at $41bn and in January it announced a plan to expand across Europe by creating 50,000 jobs across the continent.

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