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Investor pressure forces Uber CEO to resign

Stepping aside: Travis Kalanick has resigned from his position as CEO “so that Uber can go back to building rather than be distracted with another fight”.

Kalanick steps down as Uber CEO after string of scandals plague ride-sharing giant

General News logo22 Jun 2017

By TERRY MARTIN

- Uber co-founder Travis Kalanick has resigned from his position as chief executive of the global ride-sharing company, bowing to pressure from investors after a string of controversies including a US federal inquiry, intellectual property lawsuit and revelations of workplace culture problems.

- Overseas reports indicate that Mr Kalanick will remain on the board of directors but that the billionaire and public face of Uber stepped down this week after five of the company’s major investors, including Benchmark Capital, wrote a joint letter demanding his immediate resignation.

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