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Travis Kalanick resigns as Uber CEO

According to multiple reports, Travis Kalanick, the embattled CEO of the ride-hailing behemoth Uber, has officially stepped down. Kalanick took a leave of absence from the company earlier this month. Although the move was pegged to the passing of his mother, many saw it as a sign that the CEO was too toxic to remain at the company in the wake of numerous scandals.

It’s been a rough month for Kalanick and company. Earlier this month, former Attorney General Eric Holder released a report on the company’s culture, which prompted immediate changes, and it was also revealed that a high-ranking official with the company had obtained the confidential medical records of a customer who was raped by a driver.

The move comes on the heels of what the New York Times described as a shareholder revolt, with major investors in the company reportedly delivering a letter to Kalanick this morning insisting he resigns.

Kalanick issued a statement early this morning.

“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.”

When Kalanick took his leave of absence, a group of 10 executives was tasked with handling the day-to-day responsibilities of the company. Whether that arrangement will stay in place is currently unclear. Kalanick will remain on Uber’s board of directors.

The post Travis Kalanick resigns as Uber CEO appeared first on The Daily Dot.

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