Report – Uber CEO Travis Kalanick out following investor concerns image

Pressured by the company’s most important shareholders, Uber co-founder Travis Kalanick has decided to relinquish his position as CEO of the company instead of just taking an unspecified amount of time as absence of leave.

So far, the information isn’t public, but The New York Times talked to insiders who refrained from being named “because the details were confidential.” Instead the newspaper took hold of a message from the company’s most crucial investors, titled “Moving Uber Forward.” After that, he allegedly agreed – following lengthy discussions – to step down as CEO and only keep his position in Uber’s board of directors. “I love Uber more than anything in the world and 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 with another fight,” commented Kalanick via an official statement.

Uber has been under a lot of fire lately – with accusations of unfriendly workplace with sexual harassment and discrimination, the CEO’s political views have been also fiercely contested, while the company was hit with an intellectual property lawsuit from Waymo. The resignation comes after previously Kalanick announced a leave of absence to focus on his personal life and grieve his mother, who died in May in a boating accident.

Via The New York Times