Uber’s Travis Kalanick to Leave Board to Focus on New Business
- Co-founder ousted as CEO in 2017 amid chaos and controversy
- Kalanick’s exit eases some pressure on the stock, analysts say
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Uber Technologies Inc.’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups.
Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new business and philanthropic endeavors.