Uber CEO Travis Kalanick Resigns

travis kalanick

 

The New York Times is reporting that Travis Kalanick has resigned as CEO of Uber. The news comes after months of scandalous allegations regarding the company’s culture.

Kalanick’s resignation comes a week after Eric Holder presented his recommendations to Uber’s Board of Directors. Kalanick had previously hired the law firm of Eric Holder to conduct an investigation into allegations of misconduct. Holder specified in his Uber Report that the responsibilities of Uber’s Chief Executive, Travis Kalanick, be reallocated.

The report also calls for changes in how employee complaints are handled.  Other recommendations include changes in employee policies and practices, a more independent board, and performance reviews to hold senior executives accountable.

No word yet on who is to replace. However, Recode has some speculations on who it might be including YouTube’s CEO Susan Wojcicki.

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