Travis Kalanick, the co-founder and Chief executive officer of Uber, is quitting the embattled ride haling company. According to NYT reports, the move comes after five of company’s major investors, including Benchmark, the company which holds the one of the biggest shares of Uber, demanded the resignation from Kalanick on Tuesday. The letter from the investors was received by Kalanick in Chicago.
Uber is facing internal conflicts and high voltage drama after the company’s former female employee openly accused the company of sexual harassment. Following the acussation, Uber board members appointed US former Attorney General Eric Holder to investigate into Uber’s culture and practises.
Kalanick’s exit came under pressure from Uber’s investors, who were seeking his exit, the paper reported citing people with knowledge of the situation. Uber was not immediately available to comment outside regular US working hours.
With Reuters inputs
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