Uber appoints Balaji Krishnamurthy as chief financial officer

A graduate of Manipal Institute of Technology, Krishnamurthy has been with Uber for more than six years and will assume his new role from February 16, following the resignation of the present chief financial officer Prashanth Mahendra-Rajah.

“Prashanth Mahendra-Rajah, Chief Financial Officer, will step down from his role on February 16, 2026. Balaji Krishnamurthy, currently Vice President, Strategic Finance, will assume the role of Chief Financial Officer on that date,” the company said in a regulatory filing.

Mahendra-Rajah will serve the company as a senior finance advisor reporting to CEO Dara Khosrowshahi through July 1, 2026.

“For those who don’t know Balaji, he is trusted by investors, knows Uber’s business inside and out, and is a brilliant, decisive strategist. He has worked closely with me and our management team for years, and I am thrilled for him to step up as CFO as we kick off another big year for Uber,” Khosrowshahi said.

Krishnamurthy, age 41, joined Uber in 2019 and has served in a range of leadership roles at the company, including as vice president for strategic finance since 2023. He was head of investor relations from 2020 to 2023.

Krishnamurthy holds an MBA from Management Development Institute, Gurgaon and did an exchange stint at Copenhagen Business School. He did his bachelor’s degree in electronics and communications engineering at Manipal Institute of Technology.

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“It is an honour to step into this important role at such an important time for Uber. As the undisputed global mobility and delivery leader, and with significant cash flows, we have the opportunity to further solidify our place as a generational technology company,” Krishnamurthy said.

Krishnamurthy will be entitled to an annual base salary of $600,000, or about Rs 5.42 crore. He will be eligible to participate in the company’s executive bonus plan.

Besides, Krishnamurthy will receive restricted stock unit awards of $9.37 million (about Rs 85 crore), subject to time-based and performance-based vesting conditions, an option to purchase $3.12 million (about Rs 28.21 crore) of the Uber’s common stock, subject to a time-based vesting condition and an additional one-time restricted stock unit award of $5 million or about Rs 45 crore, according to the filing.

Expressing gratitude to Mahendra-Rajah, Khosrowshahi said he has been a great partner in getting Uber to investment-grade status, spearheading its first share repurchase programme, and steering the company through several major acquisitions.

“We all wish him the best in an exciting new opportunity that he will share more about soon,” Khosrowshahi said.

(With inputs from PTI)