by Aisha Abdulrazaq
Uber co-founder, Travis Kalanick on Tuesday, quit his position as chief executive officer following six moths of upheaval and chaos which rocked the ride-hailing company.
According to New York Times, Kalanick,s exit came after five of Uber’s major investors called for his resignation in a letter which was delivered to Kalanick while he was in Chicago.
The report revealed that the letter, titled “Moving Uber Forward”, demanded the chief executive to leave immediately, citing that the company needed a change in leadership. After consultations and long discussions with some investors, Kalanick, 40, agreed to vacate his position as CEO. However, he still remains a member of Uber’s board of directors.
“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,” Mr. Kalanick said in a statement.
Just last week, the embattled CEO had announced that he would take an indefinite leave of absence from Uber, partly to work on himself and to grieve for his mother, who died last month in a boating accident. He said Uber’s day-to-day management would fall to a committee of more than 10 executives.