The announcement finally severs the ties between the ride-hailing company and its founder and former CEO.
"Uber Technologies, Inc. (NYSE: UBER) today announced that Travis Kalanick will resign from the company’s Board of Directors, effective December 31, 2019," according to a press release posted on the Uber Investor website.
Kalanick will use the new time to "focus on his new business and philanthropic endeavors."
An article by Seth Fiegerman provides news coverage of the announcement, providing a few details of the company's history with Kalanick, but not rehashing the controversies that precipitated Kalanick's departure as CEO in 2017.
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