Uber co-founder Travis Kalanik leaves the board

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December 31 is his last working day.

Former Uber CEO Travis Kalanick is moving further away from the company he helped found. Uber released on Tuesday official press release, which says that Kalanik will leave the board of directors on December 31. He further plans to "focus on new projects and philanthropic initiatives."

Kalanik served as CEO of Uber from 2010 to 2017. During this time, he got into unpleasant situations several times. In particular, he had to solve the situation with cases of sexual harassment among employees, and during this period the company was suspected of illegal acts. Kalanik was removed from the post of CEO as a result of a collective letter from investors who demanded a change in the board. His position was taken by the current CEO of Uber Dara Khosrowshali (Dara Khosrowshali).

By the way, lately various prerequisites have appeared for the departure of Kalanik. For example, he recently sold Uber shares for more than $ 2.5 billion, which is about 90% of his stake in the company.

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Sources: Engadget, The verge