Uber co-founder Travis Kalanick has resigned from his post as CEO. The ride sharing service has been under constant scrutiny of late, with a series of internal sexual harassment claims, as well as footage emerging of Kalanick being rude to an Uber driver.
According to the New York Times, five of Uber’s major investors demanded he resign immediately in a letter titled “Moving Uber Forward” prior to his stepping down.
The investors included one of Uber’s biggest shareholders Benchmark, with one of its partners, Bill Gurley, on Uber’s board.
Kalanick will remain on Uber's board of directors.
This story was sourced from Paint and Panel sister publication AdNews.