Uber’s chief execs: Uber will not be able to survive in the long run, says chief executive officer
AUSTIN, Texas — Uber is no longer a company that can survive as long as it can operate as a standalone enterprise, CEO Travis Kalanick said on Tuesday.
Kalanick also said Uber’s board is expected to meet later this month.
In the meantime, Kalanicky has asked his board to create a committee to explore the future of Uber.
In the meantime he said the company is in a “transition” and would focus on a few key priorities.
The company has faced intense scrutiny over the past few years, but the company has largely shrugged off criticism.
Kalanicks decision comes after months of talks with the U.S. Justice Department over its handling of sexual assault allegations.
The company has also faced criticism over its ability to keep drivers and drivers-for-hire.
The announcement of Kalanich’s hiring was met with some skepticism on social media, where Uber users questioned his credentials as a leader.
Uber has struggled to make headway with drivers and riders.
In January, Kalaniich hired new CEO and chief technology officer Richard Lau as the company’s new chief operating officer.
In a statement, Uber said the hiring of Lau “will enable Uber to lead the way for the next 20 years and enable Uber’s drivers to continue their extraordinary work to make the world a safer place.”
Kalanich has said Uber would not be in a position to survive if the company did not create more opportunities for its drivers.
Uber’s chief financial officer, John Donahoe, has been in charge of the company since 2014 and is expected in a role at Uber that includes overseeing the company and overseeing the way it operates.
He is expected soon to be named chief operating office of Uber, Kalans departure is expected on Thursday.
The president of the United States has been vocal about how he believes Uber’s culture and values have become a hindrance to the company.
He has also criticized Uber’s leadership in some instances, calling it “the worst I have ever seen.”