Uber CEO Traivs Kalanick resigns: report

Uber CEO Traivs Kalanick resigns: report

Uber CEO Travis Kalanick apologized after a video surfaced in which he argued with an Uber driver and said he would seek "leadership help."

SAN FRANCISCO — Travis Kalanick has resigned as CEO of Uber, the ride-hailing company he helped found, according a report in The New York Times.

Kalanick stepped down late on Monday Pacific time, after receiving a letter from some of the largest investors in the company. The letter, titled "Moving Uber Forward," asked that the CEO step down immediately but also assist in the search for his successor as well as a chief financial officer, according to anonymous sources quoted in the report.

Uber did not immediately respond to a request for comment.

Among the investors asking for Kalanick's resignation were representatives from First Round Capital, Lowercase Capital, Menlo Ventures, Fidelity Investments and Benchmark Capital. Benchmark partner Bill Gurley is on Uber's board, along with Kalanick, co-founder Garrett Camp.

Kalanick will remain on the board, the report said.

The news comes as Uber has been grappling with a host of problems that range from a toxic and sexist work culture to pursuing aggressive business practices that often have skirted the legal line.

The blog post of former Uber engineer Susan Fowler led to a three-internal investigation by former U.S. Attorney General Eric Holder, whose recommendations, released last week, included tighter oversight of the company's board and senior executives as well as an overhaul of its human resources practices.



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