Tag Archives: Hires

Instacart hires Instagram manager to boost growth
November 21, 2018 12:00 am|Comments (0)

SAN FRANCISCO (Reuters) – Instacart said on Tuesday it hired Bangaly Kaba as vice president of growth from Facebook Inc’s Instagram as the grocery delivery startup tries to make itself a household name.

Kaba, who had been with Facebook since 2014, said in a statement to Reuters that his team helped double Instagram’s monthly users to more than 1 billion in about two years, and he saw the opportunity for similar growth at Instacart.

“While the two ‘Instas’ are inherently different products, I see the same growth potential in Instacart that I saw in Instagram’s early days,” he said.

As part of Instacart’s product organization, Kaba’s unit will be focused on attracting customers and turning them into paying members of a grocery service that competes with Amazon.com Inc and several boutique players to bring online grocery orders direct to Americans’ doorsteps.

Instacart’s previous growth chief left in September.

The company raised $ 871 million from investors, including U.S. hedge fund Tiger Global Management, in recent weeks, valuing the startup at nearly $ 7.9 billion.

Reporting by Paresh Dave; Editing by Dan Grebler

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Britain hires ex-Obama official to advise on tech economy
August 2, 2018 12:00 am|Comments (0)

LONDON (Reuters) – Britain has hired Jason Furman, chief economist in former U.S. President Barack Obama’s administration, to chair a new panel that will steer its approach to digital technology, the UK government said on Thursday.

FILE PHOTO: Council of Economic Advisers Chair Jason Furman speaks at a Brookings Institution forum on “Achieving Strong Economic Growth” in Washington April 8, 2015. REUTERS/Yuri Gripas

The panel will look at competition in the digital economy and how technological progress can be squared with the protection of privacy and society at large.

Furman served as chair of the U.S. Council of Economic Advisers between 2013 and 2017 and is currently a professor of economic policy at Harvard Kennedy School in Cambridge, Massachusetts.

“His experience will be invaluable as we ensure that our market-regulating institutions are fit for purpose in the digital age,” British finance minister Philip Hammond said.

Britain wants to keep close ties with the European Union around digital regulation after Brexit, although it will not be a part of the bloc’s Digital Single Market – a plan to make online trade easier between EU countries.

Britain’s digital industry turned over about 116.5 billion pounds ($ 153 billion) in 2016, or around 7 percent of economic output.

“While digital markets have produced significant consumer benefits, including in the UK, we need to fully understand how competition policy needs to adapt going forward,” Furman said.

“Our focus needs to be on ensuring that consumers continue to benefit from these new technologies while maximizing the innovative potential from the economy.”

Furman’s panel will operate from September through to early 2019, when it is due to submit its findings to the government.

Reporting by Andy Bruce; editing by Stephen Addison

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Meal delivery service DoorDash hires Uber finance head as CFO
July 19, 2018 6:58 pm|Comments (0)

SAN FRANCISCO (Reuters) – Meal delivery service DoorDash Inc has hired Uber Technologies Inc’s head of finance to be its chief financial officer, which could put the startup closer to an initial public offering and deals another executive loss to Uber.

Tony Xu, CEO and Co-founder of DoorDash, speaks at the TechCrunch Disrupt event in Brooklyn borough of New York, U.S., May 11, 2016. REUTERS/Brendan McDermid –

Before Uber, Prabir Adarkar, the new Doordash CFO, worked on deals at Goldman Sachs (GS.N), a bank that frequently leads IPOs for Silicon Valley technology companies.

Tony Xu, co-founder and chief executive officer of DoorDash, said on Thursday that he selected Adarkar for his “sharp mind” and leadership skills.

Adarkar had been head of strategic finance for Uber since 2015, and as the most senior finance executive lead a team of more than 500 employees. His departure leaves yet another vacancy for the ride-services company, which has been without a chief financial officer for three years.

In a statement, Uber CEO Dara Khosrowshahi praised Adarkar for “improving financial controls to putting the company on a path to profitability.”

At a technology conference in Aspen, Colorado, this week, Khosrowshahi also lamented that his company’s CFO search “is taking longer than I’d like.”

“We have terrific candidates,” Khosrowshahi said at the conference, adding that he’s looking for a CFO who will stay beyond Uber’s initial public offering, planned for next year.

Reporting by Heather Somerville; Editing by Leslie Adler and Jeffrey Benkoe

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Uber hires former NTSB chair to advise on safety culture after fatal crash
May 7, 2018 6:01 pm|Comments (0)

(Reuters) – Uber Technologies Inc [UBER.UL] said Monday it has hired a former National Transportation Safety Board (NTSB) chairman to advise the company on its safety culture after a fatal self-driving crash in Arizona.

The Uber logo is displayed on a screen during the Women In The World Summit in New York City, U.S., April 12, 2018. REUTERS/Brendan McDermid

Online news outlet The Information reported Monday that Uber has determined the likely cause of the fatal collision was a problem with the software that decides how the car should react to objects it detects. The outlet said the car’s sensors detected the pedestrian but the software decided it did not need to react right away.

“We have initiated a top-to-bottom safety review of our self-driving vehicles program, and we have brought on former NTSB Chair Christopher Hart to advise us on our overall safety culture,” Uber said Monday. “Our review is looking at everything from the safety of our system to our training processes for vehicle operators, and we hope to have more to say soon.”

A 49-year-old woman was killed on March 18 after being hit by an Uber self-driving sports utility vehicle while walking across a street in Phoenix, leading the company to suspend testing of autonomous vehicles. Arizona’s governor also ordered a halt to Uber’s testing.

Uber declined to comment on the Information report. “We can’t comment on the specifics of the incident,” the company said, citing the ongoing NTSB investigation.

The National Highway Traffic Safety Administration is also investigating the incident.

Uber Chief Executive Dara Khosrowshahi said in April the ride-sharing company still believes in the prospects for autonomous transport. “Autonomous (vehicles) at maturity will be safer,” he said at a Washington event.

Reporting by David Shepardson; editing by Jonathan Oatis

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