Uber CEO Travis Kalanick has resigned
Embattled CEO Travis Kalanick officially resigned as Uber’s chief executive on Tuesday.
The news was first reported by The New York Times, which also indicated Kalanick’s decision to step down stemmed from a letter delivered to Kalanick from five of Uber’s major investors. According to the report, one of those investors included venture capital firm Benchmark, which has a seat on Uber’s board.
“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,” Kalanick said in a statement.
Although Kalanick stepped down as chief executive, he will remain on Uber’s board of directors.