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Uber Technologies, Inc. (NYSE:UBER) has reportedly employed former Tesla, Inc. (NASDAQ:TSLA) executive Rebecca Tinucci to supervise the ride-hailing platform’s transition to electric vehicles.
Tinucci will begin on September 16 as the global head of sustainability, reported Bloomberg, citing an internal company announcement.
At Tesla, Tinucci supervised the 500-person Supercharging team — a division that Chief Executive Officer Elon Musk slashed as part of broader job cuts after a dull first quarter.
In the new role, Tinucci will lead Uber’s shift to a zero-emissions platform. The company aims to make all rides and deliveries worldwide zero-emission by 2040 and is also focused on reducing plastic waste from restaurant deliveries and adopting more sustainable packaging.
Tinucci will report to Andrew Macdonald, the senior executive overseeing the company’s ride-hailing business.
Tinucci’s experience “will be an incredible asset to our team at Uber,” Macdonald said in the email to employees, Bloomberg added.
Also Read: Uber’s Cost Cuts May Be Working: S&P Global Upgrades Credit Rating As Stock Soars 25% In 2 Weeks
According to Benzinga Pro, UBER stock has gained over 64% in the past year. Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:IYT) and Franklin Disruptive Commerce ETF (BATS:BUYZ).
At Tesla, Tinucci played a key role in securing charging-station agreements with automakers like Rivian Automotive, Ford Motor Company, and General Motors Company, per the report.
These partnerships enabled thousands of drivers to access Tesla’s previously exclusive Supercharger network, broadening the company’s revenue stream.
Price Action: UBER shares are trading lower by 0.73% to $73.64 at last check Tuesday.
Image via Shutterstock
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