Former GE CEO Jeff Immelt says he won't run Uber - News Summed Up

Former GE CEO Jeff Immelt says he won't run Uber


Former General Electric chief Jeff Immelt is no longer in the running to be Uber's next CEO. "I have decided not to pursue a leadership position at Uber," Immelt tweeted on Sunday. — Jeff Immelt (@JeffImmelt) August 27, 2017Uber founder and former CEO Travis Kalanick is being sued by Benchmark, a venture capital firm that was an early Uber investor. Benchmark has accused Kalanick of trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO." Related: Uber has gone 64 days without a CEOIn addition to a chief executive, Uber needs a CFO, COO, CMO and president.


Source: CNN August 27, 2017 16:31 UTC



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