Uber Founder Travis Kalanick Resigns as C.E.O.

Uber Founder Travis Kalanick Resigns as C.E.O.
Uber’s board said in a statement that Mr. Kalanick had “always put Uber first” and
that his stepping down as chief executive would give the company “room to fully embrace this new chapter in Uber’s history.” An Uber spokesman declined to comment further.
The investors made their demand for Mr. Kalanick to step down in a letter delivered to the
chief executive while he was in Chicago, said the people with knowledge of the situation.
The investors included one of Uber’s biggest shareholders, the venture capital
firm Benchmark, which has one of its partners, Bill Gurley, on Uber’s board.
In the letter, titled “Moving Uber Forward” and obtained by , the investors wrote to Mr. Kalanick
that he must immediately leave and that the company needed a change in leadership.
“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,” Mr. Kalanick said in a statement.
Mr. Kalanick, 40, consulted with at least one Uber board member, and after long discussions with some of the investors, he agreed to step down.
By MIKE ISAACJUNE 21, 2017
Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service
that he helped found in 2009 and built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.