Uber on path to profitability as head of finance Gautam Gupta departs

Uber said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability. Head of finance Gautam Gupta is leaving in July to join another startup in San Francisco, the company said, making Gupta the latest high-profile executive to leave Uber. Uber, which has been rocked by several high-level executive departures in the past few months as it grapples with a series of controversies, has been looking for a chief operating officer to help change its now-notorious "bro" culture. Gupta's exit sets the stage for a second major executive search, now for a chief financial officer who has public company experience. About a dozen top executives have left Uber since February.