Thursday, 26 October 2017

Uber lines up banker to chair British operations unit amid London ban appeal

Uber is lining up a banking veteran to chair its British operations in an effort to establish a more robust governance framework that could help prevent the loss of its London operating licence.
Sky News has learnt that the world's most valuable ride-hailing app has identified Laurel Powers-Freeling, a former chief executive of Marks & Spencer Money, as the leading candidate for the new position.

An announcement about Ms Powers-Freeling's appointment is said to be likely within the next few days, although sources cautioned that a deal had yet to be signed.

Insiders suggested that if finalised, her appointment would add a heavyweight presence to Uber's UK operations.

Ms Powers-Freeling is a former director of and senior adviser to the Bank of England; and currently serves on boards including Atom Bank, the digital lender, Sumitomo Mitsui Banking Corporation Europe, and C Hoare and Co, the private bank.

She has previously worked for companies such as American Express, Lloyds TSB and Prudential.

SKY        News.