Tech

Uber Executive Ryan Graves to Step Down in Management Shakeup

Uber Executive Ryan Graves to Step Down in Management Shakeup

Ride services company Uber Technologies Inc's head of operations, Ryan Graves, a long-time ally of former chief executive Travis Kalanick, is stepping down from his full-time job at the company, according to a copy of a letter from Graves seen by Reuters.

Benchmark is seeking to remove Kalanick from the company's board of directors and exclude him from the Uber CEO search already underway.

Benchmark's lawsuit exemplifies the level of chaos within Uber's ranks as the $69 billion company has continued its search for a new CEO.

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In his email to staff, Graves acknowledged that Uber itself was going through a bumpy transition, but he also framed the company's recent fall from grace as an opportunity to turn things around.

Uber and Benchmark Capital did not immediately respond to requests for comment.

"Kalanick's overarching objective is to pack Uber's Board with loyal allies in an effort to insulate his prior conduct from scrutiny and clear the path for his eventual return as CEO-all to the detriment of Uber's stockholders, employees, driver-partners, and customers", the complaint, filed in Delaware Chancery Court, said. That prompted two outside investigations into the company's workplace culture, which concluded shortly before Kalanick's ouster. "There always seemed to be another goal, another target, another business or city to launch". "And fortunately, our new found reflection and introspection has become an asset to us, and we have evolved and grown considerably".