Uber: co-founder Travis Kalanick to resign from board of directors.

Uber: co-founder Travis Kalanick to resign from board of directors.

Uber’s former CEO Travis Kalanick will resign from the board of directors of the United States ride-share giant via the end of the year, the organization stated on Tuesday, efficiently severing ties with the outfit he co-based a decade ago.

Kalanick, who helped found Uber in 2009, stepped down from the organisation’s helm in June 2017 under pressure from investors, after a string of setbacks. Kalanick’s pugnacious fashion grew to become Uber into the world’s largest ride-services business enterprise that revolutionized the taxi industry and challenged transportation rules worldwide.

“Very few marketers have built something as profound as Travis Kalanick did with Uber. I’m distinctly thankful for Travis’ vision and tenacity while building Uber, and for his information as a board member,” Uber’s leader executive, Dara Khosrowshahi, said in a assertion. But his brashness changed into additionally blamed for a string of scandals and complaints over his leadership, ensuing in a shareholder insurrection to push him out.

Kalanick said in a declaration that now Uber was a public employer, he desired to consciousness on his current commercial enterprise and philanthropic pursuits. He is presently working on a food delivery startup.

Kalanick has offered off more than $2.5bn well worth of stocks considering the fact that Uber went public in May, regulatory filings showed.

Uber stocks have dropped more than 30% since the loss-making employer’s IPO. Kalanick is now left with $177m, or 5.83m Uber stocks, regulatory filings showed. When Kalanick resigned in the summer season of 2017, the corporation had been thru a bruising six months for the duration of which employees accused the previous CEO of fostering a toxic work way of life that encouraged sexual harassment and bullying. At the time, Uber turned into also the target of an investigation by using the USA Department of Justice over exchange secret robbery in connection to its self-riding unit