Uber CEO Travis Kalanick resigns after months of turmoil

By Callum Rivett
Travis Kalanick, CEO and founder of Uber, has resigned from his role. The decision comes after a letter from five major investors demanded that he step...

Travis Kalanick, CEO and founder of Uber, has resigned from his role.

The decision comes after a letter from five major investors demanded that he step down with immediate effect as they felt that the company needed a "change in leadership."

However, Mr Kalanick has not turned his back on the company that he helped turn into a global transportation powerhouse since he founded it in 2009 - instead, he will remain on the board of directors and retains his majority share.

"I love Uber more than anything in the world," said Mr Kalanick in a statement released on Wednesday. "At this difficult moment in my personal life, I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted by another fight."

An Uber spokesman praised Mr Kalanick as he "always put Uber first" but that the company needed to move forwards after a tumultuous few months that include sexual harassment complaints and a lawsuit from Google's self-driving business Waymo. 

The five shareholders demanded that Mr Kalanick support the search for a new CEO and that they fill the three empty seats with "truly independent directors."

This move follows David Bonderman's resignation after his sexist remarks at a board meeting on the company's culture and lack of female representation.

Share

Featured Articles

Study shows 91% of organisations fear ransomware attacks

Amid an economic downturn, staffing shortages and endless cyberattacks, financially motivated attacks are the top concern among IT professionals

Ransomware defence could keep the lights on for millions

A new algorithm could help prevent ransomware attacks on power companies in the United States which could cause national blackouts affecting millions

Now is the ideal time to drive deep tech disruption

Deep tech may seem like it's years away but now is the time for organisations to be building a deep tech strategy, according to insights by BCG

UK has a technology trust problem among older bank customers

Cloud & Cybersecurity

McLaren Racing & Alteryx Analytics: Data-driven to win

Enterprise IT

Bitcoin’s climate footprint is a step in the wrong direction

Data & Data Analytics