Uber founder and former CEO Travis Kalanick is leaving the company’s Board of Directors, the ride hailing company announced today. Kalanick will officially resign from the Board as of December 31, to “focus on his new business and philanthropic endeavors,” according to a press release issued by Uber.
Kalanick, who was forced out as Uber CEO through shareholder
The share sales started when Uber’s restriction on the sale of stock for private investors and employees expired six months after the company’s IPO. Kalanick at one time owned a total of 98 million shares in the company, and now owns just 8.2 million in total.