Travis Kalanick, the ousted CEO and co-founder who still has a seat on Uber's board of directors, apparently blindsided the company Friday by appointing two new board members. Kalanick tapped Ursula Burns, former CEO of Xerox (XRX), and John Thain, former chief executive of Merrill Lynch. It is therefore essential that the full Board be in place for proper deliberation to occur," Kalanick said in a statement. --It would alter Kalanick's control over his three board seats and shift more control to Dara Khosrowshahi, Kalanick's replacement as Uber's CEO. (Kalanick currently occupies one of the three board seats he controls.

Source: CNN September 30, 2017 21:33 UTC