San Francisco — Uber Technologies CEO Travis Kalanick
has resigned, His resignation comes after a review of practices at the firm and scandals including complaints of sexual harassment..
The company confirmed Kalanick’s departure from the top executive’s role on Tuesday, Five major Uber investors demanded Mr Kalanick's immediate resignation as chief executive, the New York Times said. Mr Kalanick will remain on the board of the ride-hailing firm.
While Uber has become the world’s most valuable start-up, it has been dogged by drama, including allegations of sexual harassment and the use of software to bypass regulators. The ouster of the man who founded Uber in 2009 comes after a series of controversies shone a light on problems with the famously aggressive start-up’s culture and governance.
As Uber’s public face, Kalanick has embodied the start-up’s success. Earlier in June, he told staff of plans for a leave of absence, leaving the company to be run by a management committee. Despite recent turmoil, Uber’s business is growing. Revenue increased to $3.4bn in the first quarter, while losses narrowed — although they remain substantial at $708m.
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| ERIC PIERMONT/AFP/Getty |
The company confirmed Kalanick’s departure from the top executive’s role on Tuesday, Five major Uber investors demanded Mr Kalanick's immediate resignation as chief executive, the New York Times said. Mr Kalanick will remain on the board of the ride-hailing firm.
While Uber has become the world’s most valuable start-up, it has been dogged by drama, including allegations of sexual harassment and the use of software to bypass regulators. The ouster of the man who founded Uber in 2009 comes after a series of controversies shone a light on problems with the famously aggressive start-up’s culture and governance.
As Uber’s public face, Kalanick has embodied the start-up’s success. Earlier in June, he told staff of plans for a leave of absence, leaving the company to be run by a management committee. Despite recent turmoil, Uber’s business is growing. Revenue increased to $3.4bn in the first quarter, while losses narrowed — although they remain substantial at $708m.
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