Uber Founder Travis Kalanick has stepped down as CEO of Uber ride-hailing service, according to a report by The New York Times.
Kalanick’s exit came after pressure involving Uber’s investors. Five of Uber’s major investors demanded that he resign immediately, says the report. The investors wrote a letter to Kalanick saying that he must leave and the company needed a change in leadership.
Kalanick agreed to step down and will remain on Uber’s board of directors, according to the report.
Click here for the full New York Times report.
Originally posted on Automotive Fleet