Uber CFO Brent Callinicos is stepping down, the Wall Street Journal reports.
CEO Travis Kalanick shared the news of Callinicos' exit in a memo to investors. Callinicos will stay on as an adviser to the company. Kalanick told investors no replacement CFO had been named yet, WSJ reports.
"Almost two years ago, I brought on one of the great financial operators in Silicon Valley as our CFO," Kalanick said, according to the WSJ.
"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."
Callinicos joined Uber two years ago, in September 2013. He previously served as VP, Treasurer & Chief Accountant at Google. He's also held positions at Procter & Gamble, Disney, and Microsoft.
A great philosopher, John Dewey, once, said, "Time and memory are true artists; they remold reality nearer to the heart's desire."
Time has a way of passing quickly, easily leaving your heart's desire to "maybe happen later." For me, there is no later. It is now. 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. Time; time; time, to encapsulate what matters most to me; time, to admit that every day I work, I lose time with my family; time, to help my daughter understand how important time is before time becomes a blur to her too. It is simply time.
I have worked hard and been very lucky to have had the chance to work with the best people and minds in the industry. While my 21 years with Microsoft and Google rushed by, this is even more true of my time with UBER, and I am especially thankful to be ending my career ride right here at UBER. I joined this amazing ride less than two years ago. It is mind-boggling to step back and look at how this company has progressed since then. Besides the amazing growth and the ridiculously smart, motivated people responsible for that growth, Uber has added an incredible amount of economic opportunity for drivers and value to cities around the world. For Uber the ride has barely gotten started.
For me, this ride is coming to an end. After 26 years of nonstop work since MBA School, I am going to step back and spend some time with my family and let someone else take this amazing company to the next level as CFO. 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. Right now, the happiest thing I can think of is driving my daughter to school and swim practice. Time, now, for the heart’s desire.
I won’t be completely gone--I will become an Uber advisor and will always be emotionally connected to this company. I will miss everyone here, but, like the rest of the world, I will watch and admire from the sidelines as I begin a new life with my family.
Thank you, Travis and all the team. It's been a blast. Uber-on.