Uber CEO Travis Kalanick Resigns Under Pressure from Investors
Last Tuesday, under pressure from five of Uber’s major investors, company co-founder Travis Kalanick agreed to step down as CEO, reports The New York Times. The demand for Kalanick’s resignation was included in a letter titled “Moving Uber Forward” that was delivered to Kalanick in Chicago, said The Times. After consulting with a board member and investors, Kalanick agreed to leave his CEO position. He will, however, remain on the board of directors. Kalanick co-founded the innovative ridesharing service in 2009.
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