According to people familiar with the situation, Uber Technologies (UBER.N) Chief Financial Officer Nelson Chai plans to quit the ride-hailing company.

According to the story, Chai notified Uber CEO Dara Khosrowshahi of his plan to leave, but no decision on the timetable of his departure has been made.

Uber did not immediately reply to a request for comment from Reuters.

Uber’s stock dropped roughly 1% in after-hours trade after closing modestly lower on Monday.

Chai joined Uber as finance head in 2018, and he led the firm through its IPO a year later.

Related posts:

Default ThumbnailFor creators, Twitter has launched Super Follows Spaces Default ThumbnailPakistan’s telecom industry suffers a loss of Rs2.49 billion due to internet outages. Default ThumbnailMusk is scheduled to visit China this week Default ThumbnailFour reasons why AI won’t ever replace humans Default ThumbnailLaunch of new e-services to support Hajj and Umrah Default ThumbnailFollowing Sweden’s 5G prohibition, Huawei has taken the company to court. Default ThumbnailAs the game war heats up, Sony will purchase Bungie, the creator of ‘Halo’. Default ThumbnailThe government has agreed to enact legislation to combat fake news. Default ThumbnailNew game titles are available on Netflix Default ThumbnailThe prohibition on Krafton’s mobile game BGMI has been lifted in India Default ThumbnailSpaceX is taking Saudi astronauts on a private journey to the International Space Station. Default ThumbnailJapan will allow competition in the Apple and Google-dominated mobile app market