- Title: Uber co-founder Kalanick resigns as chief executive
- Date: 21st June 2017
- Summary: NEW YORK CITY, NEW YORK, UNITED STATES (FILE - APRIL 29, 2014) (REUTERS) TRAVIS KALANICK, FOUNDER OF UBER TECHNOLOGIES, TALKING ABOUT BEING A "TIME 100" HONOUREE
- Embargoed: 5th July 2017 07:39
- Keywords: Uber CEO Travis Kalanick board business quit Moving Uber Forward taxi
- Location: NEW YORK CITY, NEW YORK, UNITED STATES / MUMBAI AND NEW DELHI, INDIA / UNKNOWN LOCATIONS
- City: NEW YORK CITY, NEW YORK, UNITED STATES / MUMBAI AND NEW DELHI, INDIA / UNKNOWN LOCATIONS
- Country: Various
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA0016M7ZFIF
- Aspect Ratio: 16:9
- Story Text: Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday (June 21).
Kalanick's resignation comes after a months-long investigation led former U.S. Attorney General Eric Holder, who was hired by Uber to look into its culture and workplace practices after a female former employee publicly accused the company of what she described as brazen sexual harassment.
Five large investors, including venture capital firm Benchmark, demanded that the CEO resign immediately in a letter delivered to Kalanick while he was in Chicago, the New York Times reported citing people with knowledge of the situation.
Kalanick told employees last week, he will take time away from Uber, part of the series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies. - Copyright Holder: FILE REUTERS (CAN SELL)
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