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Uber Crises Causes CEO Travis Kalanick’s Resignation
Co-founder of Uber, Travis Kalanick, aged 40, has resigned as the chief executive of Uber.
Travis Kalanick with an estimated net worth of US$6.3 billion, as of March 2017, announced last week that he was going on an unstated leave of absence following the death of his mother in a boating accident.
But the move failed to kill a growing crisis which he was ask to resign as the chief executive by his investors.
In a statement, Kalanick 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”.
In recent times, Uber has been hit by endless series of PR crises and an exodus of top executives .
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