Uber has had a tough few months. It has been hit by one scandal and controversy after another. Much has been written and said about the company’s internal culture and many of its top executives have jumped ship in the past few weeks. It’s clear that major changes are needed at the world’s most popular ride-hailing service. To that effect, Uber co-founder and CEO Travis Kalanick has resigned.

Advertising

Kalanick recently took a leave of absence from the company following the death of his mother. It has been confirmed earlier today that he has now resigned from the company.

The New York Times reports that a group of Uber’s major investors demanded that Kalanick resign immediately back on Tuesday. Kalanick is said to have acquiesced after “hours of discussions.” He will reportedly retain his seat on the board and will control a majority of the company’s voting shares.

“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,” said Kalanick, in a statement provided to the scribe.

“This is a bold decision and a sign of his devotion and love for Uber,” said the company’s board in a statement, adding that “We look forward to continuing to serve with him on the board.”

Filed in General. Read more about .

Related Articles on Ubergizmo