The New York Times broke the news late Tuesday, reporting that five major investors in the ridehailing giant demanded Kalanick resign immediately as chief executive officer. The group included Benchmark, a venture capital firm that’s represented on Uber’s board by Bill Gurley, the Times said. That demand was delivered to Kalanick in a letter titled “Moving Uber Forward,” a copy of which the Times obtained. Uber was already searching for a chief operating officer and chief financial officer, and now it needs a CEO. President Jeff Jones departed earlier this year, reportedly because of differences of view on leadership style with Kalanick.

Source: Forbes June 21, 2017 06:56 UTC