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Uber CEO resigns under investors' pressure

Uber CEO resigns under investors' pressure

India BloomsNews Service | | 21 Jun 2017, 11:57 am
San Francisco, June 21 (IBNS) : Uber Technologies co-founder Travis Kalanick has stepped down as Uber’s CEO after several share holders for the rideshare company demanded new leadership, according to a New York Times report.

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investor's request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement obtained by the Times.

Kalanick will remain on the tech giant’s board of directors, the Times reported early Wednesday.

The decision to step down comes as the 40-year-old Uber co-founder announced a leave of absence following his mother’s boating death and rampant sexual harassment allegations, New York Times said.

 

Image: Wikimedia Commons

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