Uber's Former CEO Kalanick To Hold The Top Position In The Company

Uber will approach Facebook COO Sheryl Sandberg to replace Travis Kalanick as the company's CEO, partially because a female would be good for optics, according to the New York Post.

However, he has been faced with increased scrutiny for a culture of sexism and rule-breaking at the company he helped start in 2009.

June 7 - Uber fires exec Eric Alexander after Recode reports he obtained the medical records of a passenger who was raped by her Uber driver.

The resignation of Kalanick, a co-founder of one of the most influential technology companies of its generation, comes after a review of practices at the firm and scandals including complaints of sexual harassment.

But that brashness has also been blamed for scandals this year, from the unearthing of a culture of bullying and discrimination at Uber to a US Department of Justice federal investigation and a high-stakes lawsuit filed by Alphabet Inc that threatens Uber's self-driving auto ambitions. He will remain on Uber's board of directors.

"Uber needs to keep the persona and the vision that brought it this far, but they also need to bring in professional management", said Max Wolff, a market strategist at 55 Institutional.

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Uber must find a new top exec who can help mend its battered internal culture, improve its public image, steer it through legal battles and shrink its steep financial losses if it ever wants to go public. Kalanick's resignation came at the request of the company's investors.

Mr Kalanick, who recently admitted he needed to "fundamentally change and grow up", had said when he took indefinite leave a week ago that he wanted to think about "Uber 2.0" and "Travis 2.0".

"It's simply impossible that the company has 14,000 bad apples in it", he said.

Sandberg has no plans to leave her current job, a person close to her told The Associated Press. Former Ford CEO Alan Mulally is well known for turning around that struggling automaker, and he has tech experience from serving on the board at Google.

On Cush's watch, Virgin America went public with an initial sale of stock in 2014, then was sold to Alaska Airlines previous year for $2.6 billion. Since inception the investors have put in millions of dollars into the company and its current valuation hovers around USD 70 billion.

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