Uber Boss Travis Kalanick Resigns As CEO

(Telegraph) Uber boss Travis Kalanick resigns as CEO

Uber’s founder and chief executive has been forced to resign after a chaotic few months at the company which has seen one scandal after another.

Travis Kalanick, a controversial figure known who has been criticised for fostering a male-dominated sexist culture and bending rules to achieve victory, announced his resignation overnight.

It came after several of Uber’s most high-profile investors demanded that the 40-year-old step down. Mr Kalanick, whose stake in the company gives him an estimated net worth of £5bn, said he left so that Uber would not be “distracted with another fight”.

In an email to staff titled “A hard decision”, he said: “I never thought I would be writing this,”

“As you all know, I love Uber more than anything in the world, but at this difficult moment in my personal life, I have accepted a group of investors’ request to step aside, so that Uber can go back to building rather than be distracted with another fight.

“I will continue to serve on the board, and will be available in any and all ways to help Uber become everything we’ve dreamed it would be.”

Uber has rarely been free of controversy since the ride-hailing app was launched in 2009 as a way for passengers to book rides in luxury cars, before expanding to a mass-market technology used in hundreds of cities around the world.

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