The embattled chief executive officer of Uber, Travis Kalanick, has resigned from his position at Uber.
The news comes via a statement seen by The New York Times in which Kalanick reportedly 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.”
Before Kalanick’s resignation on Tuesday, five of Ubers investors demanded that the CEO resign in a letter delivered to him in Chicago. Kalanick will retain his position on the Uber board of directors.
Many will see Kalanick’s resignation as something that has been a long time coming. To be frank 2017 has not been the best year for the service.
Aside from the #DeleteUber campaign that followed US President’s Trump travel ban, the firm was also accused of having rampant sexual harassment in the workplace. Kalanick’s verbal abuse of an Uber driver who questioned him about rates also didn’t help the firm’s image.
The board of directors has demanded that Kalanick support the search for a new CEO and that the firm immediately hires a new, experienced chief financial officer.