<p>Uber Technologies Inc's co-founder and former CEO Travis Kalanick will resign from its board of directors by the end of the year, the company said on Tuesday.</p>.<p>Kalanick, who helped found Uber in 2009, stepped down from the company's helm in June 2017 under pressure from investors after a string of setbacks.</p>.<p>Kalanick's pugnacious style turned Uber into the world's largest ride-services company that revolutionized the taxi industry and challenged transportation regulations worldwide.</p>.<p>"Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I'm enormously grateful for Travis' vision and tenacity while building Uber, and for his expertise as a board member," Uber Chief Executive Dara Khosrowshahi said in a statement.</p>.<p>But his brashness was also blamed for a string of scandals and complaints about his leadership, resulting in a shareholder revolt to push him out.</p>.<p>Kalanick said in a statement that now Uber was a public company, he wanted to focus on his current business and philanthropic pursuits. He is currently working on a food delivery startup.</p>.<p>Kalanick has sold off more than $2.5 billion worth of shares since Uber went public in May, regulatory filings showed. Uber shares have dropped more than 30% since the loss-making company went public.</p>.<p>Kalanick is now left with $177 million, or 5.83 million Uber shares, regulatory filings showed.</p>.<p>When Kalanick resigned in the summer of 2017, the company had been through a bruising six months during which employees accused the former CEO of fostering a toxic work culture that encouraged sexual harassment and bullying.</p>.<p>At the time, Uber was also the target of an investigation by the U.S. Department of Justice over trade secret theft in connection to its self-driving unit</p>
<p>Uber Technologies Inc's co-founder and former CEO Travis Kalanick will resign from its board of directors by the end of the year, the company said on Tuesday.</p>.<p>Kalanick, who helped found Uber in 2009, stepped down from the company's helm in June 2017 under pressure from investors after a string of setbacks.</p>.<p>Kalanick's pugnacious style turned Uber into the world's largest ride-services company that revolutionized the taxi industry and challenged transportation regulations worldwide.</p>.<p>"Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I'm enormously grateful for Travis' vision and tenacity while building Uber, and for his expertise as a board member," Uber Chief Executive Dara Khosrowshahi said in a statement.</p>.<p>But his brashness was also blamed for a string of scandals and complaints about his leadership, resulting in a shareholder revolt to push him out.</p>.<p>Kalanick said in a statement that now Uber was a public company, he wanted to focus on his current business and philanthropic pursuits. He is currently working on a food delivery startup.</p>.<p>Kalanick has sold off more than $2.5 billion worth of shares since Uber went public in May, regulatory filings showed. Uber shares have dropped more than 30% since the loss-making company went public.</p>.<p>Kalanick is now left with $177 million, or 5.83 million Uber shares, regulatory filings showed.</p>.<p>When Kalanick resigned in the summer of 2017, the company had been through a bruising six months during which employees accused the former CEO of fostering a toxic work culture that encouraged sexual harassment and bullying.</p>.<p>At the time, Uber was also the target of an investigation by the U.S. Department of Justice over trade secret theft in connection to its self-driving unit</p>