There was a massive data breach in 2016 and the company is still dealing with the repercussions of the same. The latest axe fell on its top dealmaker in Europe, Fraser Robinson who will be stepping down from his role as the head of business development in Europe, the Middle East and Africa this month, though he will still continue as an adviser to the company. He was the one who led the $3.5bn investment deal for Uber with Saudi Arabia last year. It was the biggest ever single investment made in any start-up at the time.
The year saw a series of high-profile departures from the company’s European executive team. Just a few months back in October, UK head Jo Bertram and Christopher Burghardt, the European policy head both resigned.
The company is currently going through a transformational change under Dara Khosrowshahi, the chief executive. The exit of Mr Robinson is seen as the change of guard in the company’s business development team. He was with the company for three years and during this tenure, he led a series of deals for the company.
The Uber’s business head, David Richter in an email said, “Mr Robinson spearheaded some of the company’s most transformational deals. His world-class ability to build, maintain and commercialise relationships for Uber was sensational”.
The company is right now perusing a complex deal with a SoftBank-led Consortium which amounts to anything between $7bn and $10bn. The departure of Robinson will definitely be felt in it.
The company cited Mr Robinson’s desire to stay in London as the primary reason for his departure from the company because right now the company is moving most of its senior executives to Amsterdam.