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Rachel Holt. Photo: Tasos Katopodis/Getty Images for Uber Elevate

Rachel Holt, a longtime Uber executive who joined the ride-hailing company in 2011, is leaving Uber to launch a venture capital firm called Construct Capital, according to an internal memo Axios has obtained.

Why it matters: Holt, who started her time at Uber heading its Washington, D.C. operations, was promoted in 2018 to head what it calls "New Mobility," the division that includes bikes, scooters, and public transit partnerships.

Below is an excerpt from an internal email sent by Holt, and obtained by Axios:

"Making a change this this is never a simple decision and, in my case, doubly so. Uber has been my home for nearly 8.5 years and I've grown immensely both personally and professionally in that time. I'll never forget the rush of energy turning on our business in Washington, D.C. in 2011 for the first time, and immediately seeing the 8 available cars we had on the road (that was a lot at the time!) get requested.
I'll always remember where I was when the first moment it dawned on me that we might be onto something big, when I overheard strangers talking about Uber, showing each other this cool new app they had found. I couldn't have been prouder to see the positive impact on drivers across the country when we launched tipping...
And, most recently, spending time in with the NeMo leads in Paris, riding JUMP bikes around the city and seeing firsthand just how much we're changing the city for the better, and realizing how lucky I was to have the opportunity to change the world not once, but twice, on both rides and mobility."

Go deeper: Uber's pre-IPO holders cash in

Go deeper

Updated 29 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

45 mins ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.

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