Travis Kalanick stepped down as CEO of Uber on Tuesday. He founded Uber in March 2009, and within a short span of time, it became a transportation colossus.
It is noted that the primary reason behind his exit is the humongous pressure from Uber’s investors.
According to a letter obtained by The New York Times, the investors wrote to Mr. Kalanick that he must immediately leave as the company needed a change in leadership.
An Uber spokesman made an official announcement regarding this pull-out and praised their CEO’s efforts,
Mr. Kalanick had “always put Uber first” and that his stepping down as chief executive would give the company “room to fully embrace this new chapter in Uber’s history.
Last week, Travis had confirmed that he would take an indefinite leave of absence. This came after the unfortunate death of his mother, who died in a boat accident in a California lake.
Also, Mr. Kalanick had a controversial start this year as several Uber employees complained of sexual harassment at the workplace.
In recent months, Uber has fired more than 20 employees after an investigation into the company’s culture.
After the resignation, the former CEO cited the problems in his personal life as one of the major reasons for his exit,
I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight.