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Travis Kalanick

Full stop: Travis Kalanick will not return as Uber CEO

Travis Kalanick

The Uber board has put an end to any speculation on returning of Travis Kalanick as CEO of the cab-hailing company.

“Despite rumours I’m sure you’ve seen in the news, Travis is not returning as CEO,” said Garrett Camp, Cofounder and Director of Uber, in an email memo which was leaked to Recode and Quartz.

“We are committed to hiring a new world-class CEO to lead Uber.”

Recently, after coming under pressure from a series of controversies, Travis Kalanick resigned from the CEO position in Uber Technologies.

Since Uber announced a vacancy for the top most job in the company, after the ouster of Travis Kalanick in June, there’s a queue of known appliers for the CEO position.

Among the list of interested applicants were Susan Wojcicki, who leads YouTube;  Adam Bain, Twitter’s former chief operating officer; David Cush, a former CEO at Virgin America; the former Yahoo CEO Marissa Mayer; Thomas Staggs, an ex-COO at Disney, according the New York report.

However, there are others who are quietly advancing themselves for the position – and the former Softbank CEO Nikesh Arora is one of them.

This year the ride-hailing app was surrounded by series of allegations including seeking report of rape victim by top official. After the incident, the company saw string of departure including head of business Emil Micheal and President Jeff Jones. A video also showing Kalanick arguing with Uber’s driver went viral on social site.

Also read: Uber completes 50 crore trips in India, 25% riders opt uberPOOL

Despite recent controversies, Uber’s business has been steady. The company’s revenue increased to $3.4 billion in the first quarter, while losses narrowed though they remain substantial at $708 million. Travis Kalanick remains a billionaire given his stake in the company, with a net worth of $6.7 billion according to the Bloomberg Billionaire’s Index. Uber has been valued at $69 billion.

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