Travis Kalanick severs all ties with Uber, departing board and selling all his shares

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Uber co-founder and former CEO Travis Kalanick will depart the company’s board, effective Dec. 31.

Uber CEO Dara Khosrowshahi said in the release that he was "enormously grateful for Travis' vision and tenacity while building Uber." On stage at The New York Times Dealbook conference in November, Khosrowshahi told interviewer Andrew Ross Sorkin that Kalanick has been "supportive" of Khosrowshahi's leadership. He added that Kalanick has opinions about Uber's different businesses, but generally the two of them are "aligned with the direction of the company.

"Uber has been a part of my life for the past 10 years," Kalanick said in the release. "At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits. I'm proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines. I want to thank the board, Dara and the entire Uber team for everything they have done to further the Uber mission.

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