Management ChangeJul 6, 2026, 09:22 AM
Grab: Dara Khosrowshahi Steps Down from Board
AI Summary
Grab Holdings Limited announced that Dara Khosrowshahi has stepped down from its Board of Directors, effective July 6, 2026. Khosrowshahi, who is the Group CEO of Uber, had served on Grab's board since its public listing, and previously on its subsidiary's board since 2018. His departure is linked to Grab's ongoing effort to acquire foodpanda's Taiwan business. The company's board now consists of six directors, with four independent members, and Uber's economic interest in Grab is unaffected by this change.
Key Highlights
- Dara Khosrowshahi stepped down from Grab's Board of Directors.
- The change was effective July 6, 2026.
- Khosrowshahi joined Grab's subsidiary board in 2018 following Uber's Southeast Asia business sale.
- His departure is related to Grab's proposed acquisition of foodpanda's Taiwan business.
- Grab's Board now comprises six directors, with four being independent.
- Uber's economic interest in Grab remains unchanged.
Price Impact
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