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Uber Founder Travis Kalanick Leaves Board, Severing Last Tie Uber Founder Travis Kalanick Leaves Board, Severing Last Tie
(32 minutes later)
SAN FRANCISCO — Travis Kalanick, the founder and former chief executive of Uber, has stepped down from the company’s board of directors, severing his last tie with the company.SAN FRANCISCO — Travis Kalanick, the founder and former chief executive of Uber, has stepped down from the company’s board of directors, severing his last tie with the company.
Mr. Kalanick, 43, started the Uber in 2009 with co-founder Garrett Camp, and grew it from a small start-up to a behemoth that defined the ride hailing industry. The company went public in May, and has since struggled on the public market. The board forced Mr. Kalanick to resign as chief executive in 2017 after a series of sexual harassment and privacy incidents. Mr. Kalanick, 43, started the Uber in 2009 with co-founder Garrett Camp, and grew it from a small start-up to a behemoth that defined the ride hailing industry. The company went public in May, and has since struggled on the public market. Uber’s board forced Mr. Kalanick to resign as chief executive in 2017, after a series of privacy incidents and complaints of discrimination and sexual harassment at the company.
“Uber has been a part of my life for the past 10 years. At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits,” Mr. Kalanick said in a statement Tuesday. “I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines.”“Uber has been a part of my life for the past 10 years. At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits,” Mr. Kalanick said in a statement Tuesday. “I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines.”
Mr. Kalanick has steadily sold more than $2 billion of his shares in the company. Mr. Kalanick currently runs a venture fund and a start-up that runs “dark kitchens,” cooking facilities that prepare food for delivery. Mr. Kalanick has steadily sold more than $2 billion of his shares in the company, and on Thursday will complete the sale of his remaining stock, a spokeswoman said. Mr. Kalanick currently runs a venture fund and a start-up that runs “dark kitchens,” cooking facilities that prepare food for delivery.Katie Benner contributed reporting.This is a developing story. Check back for updates.
This is a developing story. Check back for updates.