Uber provides Palo Alto CEO Nikesh Arora to its board after govt shakeup

Nikesh Arora, the CEO of Palo Alto Networks, is becoming a member of Uber‘s board of administrators, the corporate introduced in a regulatory submitting Wednesday.

It comes amid a broader govt shakeup this week on the ride-hailing corporate, which noticed head of supply Pierre-Dimitri Gore-Coty leave after 13 years. Andrew Macdonald, head of mobility, was once promoted to president and leader running officer, Uber’s first since 2019.

“I’m honored to join Uber’s Board at such an exciting time, as the company plays a central role in commercializing autonomous mobility around the world,” Arora stated in a observation. “Uber has already fundamentally transformed how people and goods move through cities, and I look forward to contributing to the company’s continued success.”

Arora has been chairman and CEO of Palo Alto since 2018. Prior to that, he was once president and leader running officer of Softbank and likewise held positions at Google and T-Mobile. Arora has up to now served the forums of Softbank, Sprint, Colgate-Palmolive and others, and lately sits at the board of a Swiss luxury-goods preserving corporate. 

“Nikesh is one of the technology industry’s great executives: a strategic and disciplined operator, and a fierce competitor,” Uber CEO Dara Khosrowshahi stated in a observation. “We’re thrilled to welcome him to the board and look forward to his contributions as we continue to advance our long-term strategy.”

The shakeup comes as Uber faces higher festival, specifically within the robotaxi area.

Tesla is making plans its long-awaited robotaxi release in Austin on June 12. Alphabet-owned Waymo, which companions with Uber in Austin and Atlanta, lately hit 10 million paid driverless rides, with weekly rides leaping 150% in not up to a yr.

Food supply competitor DoorDash has been aggressively increasing its succeed in, obtaining supply company Deliveroo and reserving platform SevenRooms prior to now month. 

The control adjustments, together with the elevation of Macdonald, who will oversee supply, mobility and autonomy, may just permit Khosrowshahi to tackle a extra strategic position.

Khosrowshahi joined Uber in 2017, bringing it public in 2019 and to its first running benefit in 2021. Since then he has expanded the Eats and supply industry, smoothed over regulatory problems, and bought Uber’s in-house AV unit in prefer of partnerships with firms like Waymo and the United Kingdom’s Wayve. 

“I recognize the change might prompt some questions about my future, so I’ll be clear: I have no plans to go anywhere anytime soon — other than fly around the globe trying to keep up with our ever-growing footprint,” Khosrowshahi instructed workers in an inner memo pronouncing the COO adjustments. 

For his board carrier, Arora will obtain a $60,000 annual money retainer and $300,000 of limited inventory gadgets a yr, in step with the submitting.