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Uber: co-founder Travis Kalanick to resign from board of directors
Source: The Guardian and agencies
Uber: co-founder Travis Kalanick to resign from board of directors
• Former CEO to step down by end of year, effectively severing ties
• Kalanick had been subject of shareholder revolt after setbacks
News agencies
Tue 24 Dec 2019 16.48 GMT
Uber’s former CEO Travis Kalanick will resign from the board of directors of the US ride-share giant by the end of the year, the company said on Tuesday, effectively severing ties with the outfit he co-founded a decade ago.
Kalanick, who helped found Uber in 2009, stepped down from the company’s helm in June 2017 under pressure from investors, after a string of setbacks.
Kalanick’s pugnacious style turned Uber into the world’s largest ride-services company that revolutionized the taxi industry and challenged transportation regulations worldwide.
“Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I’m enormously grateful for Travis’ vision and tenacity while building Uber, and for his expertise as a board member,” Uber’s chief executive, Dara Khosrowshahi, said in a statement.
But his brashness was also blamed for a string of scandals and complaints over his leadership, resulting in a shareholder revolt to push him out.
-snip-
• Former CEO to step down by end of year, effectively severing ties
• Kalanick had been subject of shareholder revolt after setbacks
News agencies
Tue 24 Dec 2019 16.48 GMT
Uber’s former CEO Travis Kalanick will resign from the board of directors of the US ride-share giant by the end of the year, the company said on Tuesday, effectively severing ties with the outfit he co-founded a decade ago.
Kalanick, who helped found Uber in 2009, stepped down from the company’s helm in June 2017 under pressure from investors, after a string of setbacks.
Kalanick’s pugnacious style turned Uber into the world’s largest ride-services company that revolutionized the taxi industry and challenged transportation regulations worldwide.
“Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I’m enormously grateful for Travis’ vision and tenacity while building Uber, and for his expertise as a board member,” Uber’s chief executive, Dara Khosrowshahi, said in a statement.
But his brashness was also blamed for a string of scandals and complaints over his leadership, resulting in a shareholder revolt to push him out.
-snip-
Read more: https://www.theguardian.com/technology/2019/dec/24/uber-co-founder-travis-kalanick-to-resign-from-board-of-directors
