Uber may temporarily replace CEO Travis Kalanick
- Author: Zachary Reyes Jun 21, 2017,
Jun 21, 2017, 2:24
Michael will be replaced as the company's top business development executive by David Richter, now another vice president.
According to the NYT report, if these moves are acted upon, it would scale back Kalanick's involvement in the company and take away his ally in the company that he built into a $70 billion entity.
Michael, who is one of CEO Travis Kalanick's closest confidants, helps oversee broad strategy initiatives such as mergers, acquisitions and fundraising. As the New York Times reports, Michael announced his departure to all company's employees in an email Monday morning, though it remains unclear whether he resigned or was terminated. The Uber board is also said to be contemplating CEO Travis Kalanick taking time off from the company, possibly to return in another position with narrower responsibilities and stronger oversight.
According to Reuters, Kalanick and two allies on the board now have voting control of the company. The company recently laid off 20 people after a separate probe into sexual harassment at the company.
Uber's board of directors voted unanimously to adopt all recommendations of a report that was conducted after allegations of sexual harassment and other issues at the company came to light, according to a representative for the board. Holder's recommendations for the company include a shakeup of Uber leadership - including a three-month leave of absence for Kalanick.
Following news of Sunday's meeting, Bloomberg reported that Wan Ling Martello, executive vice president at Nestle SA and director of Alibaba Group Holding Ltd, will be appointed to the company's board.
The engineer, former Uber employee Susan Fowler Rigetti described systematic sexual harassment in which she and female co-workers at the company were openly propositioned for sex and other "inappropriate behavior" by a supervisor.