Former UBER CEO Reignites Power Struggle
Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick said he had appointed two new directors, a surprise move that publicly reignited a board battle over the role of the ousted former chief executive.
Kalanick’s move on Friday sought to pre-empt a move by new Chief Executive Dara Khosrowshahi to restructure the board and gain greater control, a person familiar with the co-founder’s decision said.
Uber said in a statement on Friday the company was surprised by Kalanick’s action.
Company investors are divided over whether Kalanick should remain on the board and whether he should be allowed to name two other directors.
Benchmark Capital, which had pressured Kalanick to resign as CEO in the wake of several governance scandals, did not respond to a request for comment.
Khosrowshahi is scrambling to portray Uber as a reformed company that is turning a page on concerns including sexual harassment claims and a U.S. bribery probe. Investors have described diluting Kalanick’s power as a necessary step on the path to making amends.