Uber Appoints Analog Devices Executive Prashanth Mahendra-Rajah as CFO

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 company Analog Devices (ADI), Mahendra-Rajah has been responsible for setting financial strategy and overseeing the global finance organization of the company, according to the release. His role at ADI involves managing financial operations, planning, controls and reporting.

Prior to his tenure at ADI, he was CFO at WABCO Holdings, a global supplier of commercial vehicle technologies, the release said. Earlier in his career, Mahendra-Rajah has held various financial leadership roles at companies such as Applied Materials, Visa and United Technologies.

Dara Khosrowshahi, CEO of Uber, said in the release: “Prashanth is an incredibly skilled and dynamic finance executive, with decades of experience across a variety of complex industries. I’m confident he’ll be able to help us deliver even more innovation and efficiency as we continue this next phase of profitable growth.”

This announcement comes more than two months after it was reported that Uber CFO Nelson Chai was planning to leave the firm after five years, though an effective date for the move had not yet been chosen.

Chai joined Uber in 2018 — at a time when the company had been operating without a CFO for three years — after being chosen by Khosrowshahi to lead the ride-hailing firm’s initial public offering (IPO) that would be completed in 2019. In the years that followed, Uber acquired delivery firm Postmates, bought logistics operator Transplace and, in 2022, achieved its first quarter of positive adjusted EBITDA.

An Uber spokesperson told Bloomberg at the time of the report: “Over the past five years, Nelson has been essential to putting Uber on a secure financial footing, steering the company from billions of dollars in losses,” to improved earnings, strong free cash flow and heading toward an operating profit.