CEO of Uber: Resignation

The hunt for a new CEO of Uber is officially on, considering Travis Kalanick just resigned. The board director Bill Gurley is focused on finding new leadership of the company as soon as possible. Gurly, and the shareholders of the company are looking for someone with knowledge of the marketplace and management strength to take Kalanick’s spot as the CEO of Uber.

Travis Kalanick was one of the main founders of Uber in 2009 and his departure was caused by a multitude of pressures within the company and personal difficulties. He felt pressure from investors of Uber due to hours of drama, two anonymous sources admitted. Earlier this Tuesday, one of Uber’s biggest shareholders, Benchmark, to include it’s biggest partner, Gurley, asked Kalanick to resign by a letter given to the chief executive.

The letter was titled, “Moving Uber Forward” and discussed the need for new leadership formally. Shareholders announced that they needed new leadership for the company, so Kalanick hardly had a choice but to step down immediately. After deliberation, 40-year-old Kalanick decided it was best to go through with the resignation and he will remain on Uber’s board of directors.

Though this resignation seems sudden and as though it stemmed from a ruthless battle, it was the best decision for Kalanick and the shareholders involved. In fact, Kalanick even made a mature statement about the situation at hand.

Kalnick said, “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,” in his statement.

Additionally, Kalanick has been suffering with personal issues; such as, his mother dying in the past month. This way, Kalnick can take a leave of absence and focus on improving his personal life. Furthermore, Uber can take more positive steps in the direction of improving the overall company and culture.