Uber CEO Travis Kalanick resigned after mounting pressure from investors. But the company’s controversial co-founder will remain on the board of directors.
Kalanick’s departure comes not long after announcing a leave of absence for an undetermined length of time.
Investors wrote a letter to Kalanick titled “Moving Uber Forward,” according to the New York Times, which obtained a copy of the message. According to the Times, “the investors wrote to Mr. Kalanick that he must immediately leave and that the company needed a change in leadership.” He ultimately agreed to step down “after long discussions with some of the investors.”
