Uber co-founder Travis Kalanick severs last ties to company
About decade after co-founding Uber, Travis Kalanick on Tuesday severed his last ties from the ride-hailing giant, announcing he would exit the board of directors at the end of 2019. PHOTO: AFP. Sketched by the Pan Pacific Agency.
NEW YORK, Dec 25, 2019, The Business Times. About decade after co-founding Uber, Travis Kalanick on Tuesday severed his last ties from the ride-hailing giant, announcing he would exit the board of directors at the end of 2019, The Business Times reported.
Mr Kalanick, who was pushed out as chief executive in 2017 amid revelations about the controversial business practices that accompanied the company’s stunning rise, will resign from the board of directors effective December 31 “to focus on his new business and philanthropic endeavors,” Uber said in a statement.
“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,” Mr Kalanick, 43, said in a statement released by the company.
“I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines.”
In March 2018, Mr Kalanick announced the creation of a new investment vehicle, 10100, that will focus on both for-profit and non-profit ventures. The key areas of focus for the fund include real estate, e-commerce and innovation in China and India.
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