Travis Kalanick reportedly resigns as Uber CEO

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    Travis KalanickReuters/Staff

    Travis Kalanick, cofounder and CEO of Uber, has stepped down as the ride-hailing company’s top executive.

    Kalanick, who had taken a leave of absence amid a number of internal scandals that have plagued the company in recent months, reportedly faced strong opposition from Uber shareholders, ultimately forcing him to step down, The New York Times reported, early Wednesday morning.

    Citing two unnamed sources close to the discussions, The Times’ Mike Isaac wrote that Kalanick’s exit followed “hours of drama” between Uber’s major investors, five of whom demanded his immediate resignation. The venture capital firm Benchmark was one of the loudest voices on that front, Isaac wrote. Bill Gurley, a partner at Benchmark, also sits on Uber’s board.

    More to come …

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