Brent Callinicos is to step down as CFO of Uber after two years at the ride-sharing company in order to spend more time with his family.
In an email published by the WSJ, CEO Travis Kalanick offered a laudatory eulogy dressed up as a HR memo for investors:
"Almost two years ago, I brought on one of the great financial operators in Silicon Valley as our CFO."
"Though two years sounds short, Uber was a much smaller startup then – about 1/10th the size we are today."
"Brent has provided critical leadership to take Uber to the next level as we matured as a company."
Callinicos, a former treasurer, chief accountant and general bean-counting exec at Google, simply said: "I am going to step back and spend some time with my family."
The soon to be stay-at-home-dad explained that "my daughter is in middle school; my wife has been supportively waiting to spend time with me for 28 years. I made a promise to both of them that I would be taking a long break at this stage of life. And as the great philosopher put it, everything has conspired to give me this opportunity to acknowledge my heart’s desire."
Despite the San Francisco start-up having previously goofed by leaking its customers' details, and getting up cabbies' noses from London to Seoul, Uber has raised more than $5bn in financing from several venture capitalists, and is considered a likely candidate for public offering in the near future.
Gautam Gupta has been announced as acting CFO, formerly a hot-shot at Goldman Sachs, which has recently managed Uber's private sale of convertible debt.
The New York Times' blog reports that "the terms of this offering, as described by people briefed on the matter, give Uber an incentive to go public within the next few years."
It is understood that while Callinicos will no longer be driving the Uber car as CFO, he will remain in an advisory capacity, sharing the ride for at least this transition period. ®