Uber founder Travis Kalanick leaves board of directors
26 December 2019
Ride aggregator Uber Technologies Inc`s founder and former CEO Travis Kalanick will resign from its board of directors by the end of the year, the company said on Tuesday. Kalanick, who helped found Uber in 2009, stepped down as CEO of the company in June 2017 under pressure from investors.
Kalanick, who turned Uber into the world`s largest ride-services company that revolutionised the taxi industry and challenged transportation regulations worldwide, was forced to step down as CEO following a series of setbacks.
The company on Tuesday announced that Travis Kalanick will resign from the company’s board of directors, effective 31 December 2019, to focus on his new business and philanthropic endeavors.
“Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I’m enormously grateful for Travis’ vision and tenacity while building Uber, and for his expertise as a board member. Everyone at Uber wishes him all the best,” Uber Chief Executive Dara Khosrowshahi said in a statement.
“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. I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines. I want to thank the board, Dara and the entire Uber team for everything they have done to further the Uber mission,” Kalanick said.
“I want to thank Travis for his service as a director on the board. His unique expertise, honed over 10 years building Uber from a scrappy startup into the global public company it is today, will be missed. On behalf of the entire board, I wish him the best of luck with his new endeavors,” said Ron Sugar, independent chairperson of the board.
Uber said its mission is to give users more reliable transportation through ridesharing, bikes, and scooters, drivers and truckers additional opportunities to earn, employees and employers more convenient business travel, and hungry eaters quick and easy food delivery.
The company said Uber Infrastructure is continually innovating new solutions to these challenges of scale and speed, enabling our platform to truly become the operating system of our customer’s lives.