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Uber CEO Travis Kalanick Resigns Following Months of Chaos
Uber co-founder Travis Kalanick has resigned from his position as chief executive of the $68bn ride-hailing app following a tumultuous six months of scandal.
Kalanick stepped down in the face of pressure from five of Uber’s largest investors, according to the New York Times. Kalanick will, however, stay on the company’s board.
“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,”
Kalanick said in a statement to the New York Times.
The resignation comes just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture.
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