Madhu Kan­nan to Steer Busi­ness at Uber

Kan­nan was a for­mer group ex­ec­u­tive coun­cil mem­ber at Tata Sons and also BSE CEO

The Economic Times - - Disruption: Startups & Tech - Our Bu­reau

Mum­bai: Madhu Kan­nan, a for­mer group ex­ec­u­tive coun­cil mem­ber at Tata Sons and a close aide of ousted chair­man Cyrus Mistry, will join San Fran­cisco-based taxi hail­ing com­pany Uber Tech­nolo­gies as its chief busi­ness of­fi­cer, In­dia and Emerg­ing Mar­kets. He is ex­pected to join Uber, which was last val­ued at more than $68 bil­lion, on Fri­day.

“We’re ex­cited to have Madhu join Uber. With his back­ground and ex­pe­ri­ence in In­dia and Asian emerg­ing mar­kets, his ap­point­ment re­in­forces our com­mit­ment to in­vest and grow our pres­ence and un­lock the full po­ten­tial of rideshar­ing in the re­gion,” said Eric Alexan­der, Pres­i­dent of Busi­ness, Asia Pa­cific at Uber.

“Uber is one of the most dy­namic and in­no­va­tive or­gan­i­sa­tions of my gen­er­a­tion, and I look at this as a once in a life­time op­por­tu­nity to work with a group of highly tal­ented and mo­ti­vated peo­ple who are chang­ing the face of global trans­porta­tion,” Kan­nan said in a press state­ment is­sued by Uber.

Kan­nan, 42, for­mer chief ex­ec­u­tive of the Bom­bay Stock Ex­change (BSE) be­fore he joined the Tata group, was asked to re­sign from Tata Sons GEC soon af­ter Mistry was re­moved on Oc­to­ber 24, af­ter the board said it lost con­fi­dence in its for­mer chair­man.

Kan­nan, since then, had been as­sist­ing Mistry in his bat­tle against the Tata Group, in­clud­ing its in­terim chair­man Ratan Tata. As part of GEC, Kan­nan was re­spon­si­ble for busi­ness devel­op­ment and pub­lic af­fairs of the $103-bil­lion salt-to-soft­ware con­glom­er­ate.

MADHUKANNAN I look at this as a once in a life­time op­por­tu­nity to work with a group of highly tal­ented and mo­ti­vated peo­ple who are chang­ing the face of global trans­porta­tion

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