Uber adds to his board CEO Palo Alto Nikesh Arara

Nico Arora, CEO of Palo Alto Networks, appears on “Squawk Box” CNBC at the annual WeF meeting in Devos, Switzerland on January 16, 2024.

Adam Galicia | Cnbc

Nickest Araora, CEO Palo Alto Networksjoint UberBoard of Directors, the company announced in regulation supply Wednesday.

This week it goes amid a broader executive shock Pierre-dimitri mountain-kotti Go for 13 years. Andrew McDonald, head of the mobility, received the title of President and Chief Operational Director, the first since 2019 Uber.

“I am honored to join the Uber Council at such an exciting time, as the company plays a central role in commercialization of autonomous mobility around the world,” Aror said in a statement. “Uber is already fundamentally transformed as people and goods are moving through the cities, and I look forward to contributing to the constant success of the company.”

Arora has been chairman and CEO of Palo Alto since 2018. Before that, he was president and the main operative director Soft banks as well as holding positions in Google and T-Mobile. Previously, Arara served Softbank, Sprint, Colgate-Palmolive and others, and is currently sitting on the Swiss Council Luxury-Gooding Holding.

“Nikesh is one of the large heads of the technology industry: a strategic and disciplined operator and a brutal competitor,” said Uber Dara Khosrowhahi in Uber Dara. “We are glad to welcome him to the council and look forward to his contribution when we continue to promote our long -term strategy.”

Shakeup comes when Uber faces increasing competition, especially in the Robotaxi space.

Tesla plans a long -awaited Running robotic In Austin on June 12. Alphabet-Wow Waymo who collaborates with Uber in Austin and Atlanta, recently suffered 10 million Paid rides without drivers, and weekly rides jump 150% less than a year.

Competitent Delivery DOORDASH was aggressive expanded Last month, its reach by acquiring a firm for delivery and booking the platform.

Changes in management, including the exaltation of McDonald, which will observe the delivery, mobility and autonomy, can allow the hassravs to take on a more strategic role.

Khosrowshahi joined Uber in 2017, bringing it publicly in 2019 and to the first operating profit in 2021. Since then, he has expanded the nutrition and delivery business, smoothed out the problems with regulations and sold the Uber’s internal AV sub-post in favor of partnerships with companies such as Waymo and The UK’s Wayve.

“I admit that the changes may push some questions about my future, so I will understand: I do not plan to go anywhere in the near future, trying to keep up with our constantly growing,”-said hasrors in an internal note that reports on COO’s changes.

For its service, the Council of Arora will receive an annual amount of cash in the amount of $ 60,000 and $ 300,000 with disabilities per year, the application said.

Source link