Uber co-founder leaves board to focus on 'ghost kitchens'

Travis Kalanick severs all ties with company after stepping down as chief executive in 2017. FMTNews TravisKalanick

Kalanick’s bellicose style turned Uber into the world’s largest ride-services company.

“Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber,” Uber Chief Executive Dara Khosrowshahi said in a statement, crediting Kalanick’s “vision and tenacity”. He is currently working on a start-up that aims to build large industrial kitchens and lease space to restaurants. The “ghost kitchens” would prepare meals for food delivery without the costs of wait staff and real estate of locations that serve diners.

Analysts at Wedbush on Tuesday welcomed the news of Kalanick’s departure, saying his remaining on the board would have been a distraction.

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