Summary
Uber Technologies, Inc. (UBER) announced on March 23, 2020, the appointment of Robert Eckert to its Board of Directors as an independent director, effective March 20, 2020. This appointment is significant as Mr. Eckert brings extensive experience from leadership roles at major consumer brands and private equity, which the company believes will be invaluable as Uber navigates its next phase of growth. Mr. Eckert's background includes serving as Chairman and CEO of Mattel, Inc. and extensive experience at Kraft Foods, Inc. He is also an Operating Partner at FFL Partners, LLC and holds current board seats at several other prominent companies, including McDonald's Corporation and Amgen, Inc. His appointment to Uber's Board, specifically to the Compensation and Nominating and Governance Committees, is expected to leverage his expertise in corporate governance, consumer brand building, and financial strategy.
Key Highlights
- 1Robert Eckert appointed as an independent director to Uber's Board of Directors.
- 2Mr. Eckert brings substantial experience from leadership roles at Mattel and Kraft Foods, and as an Operating Partner at FFL Partners.
- 3The company emphasizes Mr. Eckert's 'world-class experience and insights' and his understanding of 'building a world-class consumer brand'.
- 4Mr. Eckert has been appointed to serve on the Compensation Committee and the Nominating and Governance Committee.
- 5The appointment is intended to bolster the Board's expertise in areas crucial for Uber's future growth and governance.
- 6Mr. Eckert will receive compensation for his service, including an annual cash retainer and a grant of restricted stock units, prorated for his partial year of service.