Careem Chief Finance & Strategy Officer Steps Down

The decision comes one week after the finalization of Uber’s acquisition of the company.
Careem Chief Finance & Strategy Officer Steps Down
Shah joined Careem in 2015. Source: Marchmellow

Careem’s Chief Finance & Strategy Officer Ankur Shah has left Careem, following Uber’s acquisition of the company.

Shah revealed his gratitude towards the company and its investors. Furthermore, he believes that now is the right time to move on and hopes the acquisition will take the company to greater heights.

“I’ve been associated with Careem for 7 years, including ~5 of the most productive years of my life. I’m proud to have been part of the greatest team I’ve worked with, and humbled to have formed bonds to feel and walk through our own life’s challenges together.”

Ankur Shah, Former CFO & CSO, Careem

Shah initially joined the company as Chief Finance and Development Officer in 2015 before his title was later changed to Chief Finance and Strategy Office, which saw him lead both the finance and strategy teams.

He was a lead figure in the negotiations that saw Uber’s acquisition of Careem for $3.1 billion in 2019, which is the largest exit for a Middle Eastern startup.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.