Brash Uber co-founder Travis Kalanick leaves board to focus on industrial ‘ghost kitchens’
- Kalanick, who helped found Uber in 2009, resigned from the board and sold his entire stake of roughly US$3 billion worth of shares
- He is turning his focus to a new venture creating “ghost kitchens” for food delivery services
Travis Kalanick, the pugnacious co-founder of Uber, has severed his last ties with the ride-services company, resigning from the board and selling all his shares as he turns his focus to a new venture creating “ghost kitchens” for food delivery services.
Kalanick, who helped found Uber in 2009 and once exerted nearly complete control, stepped down as chief executive in June 2017 under pressure from investors after a string of setbacks.
He will depart Uber’s board of directors by the end of the year, the company said on Tuesday.
A spokeswoman on Tuesday said Kalanick has sold his entire stake of roughly US$3 billion worth of shares in Uber, adding that the final regulatory form will be filed on Thursday after Christmas. Axios earlier reported the sale of final shares.
The spokeswoman declined to disclose what Kalanick would do with the proceeds.
Kalanick’s bellicose style turned Uber into the world’s largest ride-services company, revolutionised the taxi industry and challenged transport regulations worldwide.