Ryan Graves has resigned from Uber's board
Uber's first employee, Ryan Graves, has resigned from the board of directors just two weeks after the company went public. Graves was one of the only remaining allies of Travis Kalanick who was ousted as CEO in 2017 following multiple scandals related to Uber's poor corporate culture. Graves left Uber in 2017 after serving as senior vice president of global operations but remained on the board alongside Kalanick.
Uber's Chairman, Ron Sugar, said in a statement: "Ryan was one of the key people who helped shape Uber into the company that it is today. As a thoughtful and engaged director, Ryan has continued to add value to Uber, offering insights and judgements that have helped us navigate the ups and downs of the business as we have grown over the past decade. While this is a bittersweet moment, we accept his personal decision that this is the right time for him to step down. Dara and I are grateful for his contributions to Uber’s success and wish him all the best going forward."
According to the SEC filing, the departure is not related to any disagreements but this language is standard for this type of announcement. It is likely that the new leadership under CEO Dara Khosrowshahi is looking to reduce the power of Kalanick on the board. According to Business Insider, Graves' personal stake in Uber is worth $1.4 billion.