Uber Founder Kalanick Vacates Company's Board

Matt Posky
by Matt Posky
uber founder kalanick vacates company s board

Uber Technologies co-founder Travis Kalanick is leaving the company’s board to focus on his new business endeavors in other industries. The company made an announcement on Tuesday, with Kalanick expressing a need to move on.

“Uber has been a part of my life for the past 10 years. At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits. I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines. I want to thank the board, Dara [Khosrowshahi] and the entire Uber team for everything they have done to further the Uber mission,” Kalanick said in a statement.

Stepping down as CEO in 2017 after a series of wholly unnecessary scandals ( sometimes with Travis at the center), Kalanick stopped managing the company’s daily business. Uber then embarked on an effort to improve its corporate governance, with its better-known founder (apologies to Garrett Camp) being pushed into the shadows. Pressure from investors became overwhelming after he was caught on video arguing with a driver over the company’s pay structure in a period where Uber’s corporate culture was already broadly presumed to be toxic. He was replaced with Khosrowshahi about a month later.

“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 from 2017.

According to the Bloomberg Billionaires Index, Kalanick has been aggressively offloading shares in the company since November. As of December 16th, his remaining stake represented roughly one-fifth of his $3 billion fortune. Subsequent business plans likely involve giving more attention to a startup that provides short-notice kitchen space to restaurants interested in expanding their food-delivery services — possibly via Uber Eats. His last official day as a board member will be December 31st.

“Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I’m enormously grateful for Travis’ vision and tenacity while building Uber, and for his expertise as a board member. Everyone at Uber wishes him all the best,” said Khosrowshahi.

[Image: JStone/Shutterstock]

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  • Art Vandelay Art Vandelay on Dec 27, 2019

    don't let the door hit you on the @$$ on the way out buddy.

  • Michael S6 Michael S6 on Dec 28, 2019

    Pickup trucks and large SUV's should have the same fuel economy requirements as cars as often times the are used as family cars. Getting 17 miles a gallon is very wasteful unless you are using the truck for work purpose. There is no question that pick up trucks are very versatile but if we all drove vehicles averaging 17 miles per gallon, then we will be back to 1970 where the USA was at mercy of OPEC. Also the the elephant (pickup) in the room is the issue of global warming.

    • Brn Brn on Dec 29, 2019

      You appear to be a victim of the new layout. I doubt this was the intended comment for this article.

  • Lou_BC I realized it wasn't EV's burning by the absence of the usual suspects.
  • Kwik_Shift A manual bug eye WRX wagon (2001-03) would interest me more.
  • El scotto Ferrari develops a way to put a virtual car in real time traffic? Will it be multiple virtual players in a possible infinite number of real drivers in real time situations?This will be one of the greatest things ever or a niche video game.
  • El scotto It's said that many military regulations are written in blood. Every ship's wheel or aircraft joystick has a human hand on it at all times when a ship or aircraft are under power. Tanks, APC's and other ground vehicles probably operate under the same rules. Even with those regulations accidents still happen. There is no such thing as an unmanned autopilot, ever. Someone has to be on the stick at all times.I do not think MB understands what a sue-happy nation the USA is. The 1st leased MB in a wreck while this Type 3 "Semi-Autonomous" driving, or whatever it is called, will result in an automatic lawsuit. Expect a class action lawsuit after the 1st personal lawsuit is filed. Yes, new MB owners can afford and ever are lawyers.Mercedes Benz; "The best wrecks or nothing!" Oh and has anyone noticed that Toyota/Lexus and Honda/Acura, the gray suit with white shirt and striped tie, automobile companies have stayed away from any autonomous driving nonsense?
  • Merc190 Very streamlined but not distinctive enough for a Mercedes. And besides, the streetcar of the early 20th century seems a far more efficient and effective method of people moving in essentially an autonomous manner. A motor car is meant to be driven with proper attention to what's important in every situation. To design it otherwise is idiotic and contradictory.