Uber's Financial Services Head Quits As Company Scales Back Finance-Related Products

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Uber Inc’s (NYSE: UBER) financial services unit head Peter Hazlehurst resigned Thursday as the company changes course on financial services.

What Happened

Hazlehurst’s decision to leave Uber Money is related to the company’s decision to focus on rides and food delivery and to deprioritize its finance-related projects such as credit cards and a digital wallet. 

In an email to employees, seen by Bloomberg, CEO Dara Khosrowshahi commented on the development, “I understand Peter’s decision to pursue …

Full story available on Benzinga.com

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