On November 13, Prashanth Mahendra-Rajah, the CFO of semiconductor company Analog Devices, will become Uber’s CFO.

Uber CEO Dara Khosrowshahi said, “I’m confident he’ll help us deliver even more innovation and efficiency as we continue this next phase of profitable growth.”

Mahendra-Rajah will join Uber as it struggles with sluggish growth after its post-pandemic surge in ridership. The company reported last month that its revenue increased 14% for the quarter, which was slower than recent quarters. Additionally, Uber reported its first-ever unadjusted profit and record quarterly free cash flow.

Nearly two months ago, Uber announced that its CFO, Nelson Chai, would be leaving by January and that a search would be conducted for his replacement. Since 2018, Chai has been the company’s chief financial officer.

During Mahendra-Rajah’s tenure as Analog Devices’ CFO, he oversaw the chipmaker’s financial strategy amid a boom in semiconductor demand.