Uber CEO Travis Kalanick takes leave of absence, will lose authority - News Summed Up

Uber CEO Travis Kalanick takes leave of absence, will lose authority


Uber on Tuesday released the recommendations from that report, which include reducing Kalanick’s sweeping authority and instituting more controls over spending, human resources and the behavior of managers. It also marks a pivotal moment for the world’s most valuable venture-backed private company, which has been largely defined by Kalanick’s brash approach. Uber also added a second woman to its board, Wan Ling Martello, an executive vice president at Nestle, to serve as an independent director. There are 14 people at Uber who report directly to Kalanick and who will likely take on more responsibility in his absence. They include Ryan Graves, head of operations and one-time chief executive at Uber.


Source: Hindustan Times June 14, 2017 06:09 UTC



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