Uber CEO Dara Khosrowshahi steps down from Grab’s board
Uber’s economic interest in Grab is unchanged by this transition
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[SINGAPORE] Nasdaq-listed technology company Grab on Monday (Jul 6) announced that Uber CEO Dara Khosrowshahi has stepped down from Grab’s board of directors, effective immediately.
Khosrowshahi joined the board of Grab’s former subsidiary in 2018 when Uber sold its South-east Asia business to Grab, before joining Grab’s board when it was publicly listed.
Grab noted that he steps down from the board as the company continues with its effort to complete the proposed acquisition of foodpanda’s Taiwan business.
“His perspective on building global technology platforms has been invaluable to Grab’s growth,” said Anthony Tan, group CEO and co-founder of Grab.
Uber’s economic interest in Grab is unchanged by this board transition, said the company. With this change, Grab’s board now comprises six directors, of whom four are independent.
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