Business

Uber CEO to loose powers

Uber Chief Executive Officer Travis will be striped of some duties and an independent chair to be appointed to limit his influence, an advance copy of a report prepared for Uber board has revealed.

Kalanick told staff he plans to take a leave of absence to grieve for his late mother, without disclosing a return date.

South China Morning Post report that the company will be run by a management committee as it tries to navigate a wave of scandals.

The paper report that when Kalanick returns, he will be met with limited powers even as Uber CEO.

At a staff meeting Tuesday, the company began conveying the results of a probe conducted by Eric Holder, the former US attorney general who Uber hired to look into allegations of harassment, discrimination and an aggressive culture.

The 47 recommendations include creating a board oversight committee, rewriting Uber’s cultural values, reducing alcohol use at work events, and prohibiting intimate relationships between employees and their bosses.

Uber’s board met Sunday to review a detailed version of the report and voted unanimously to approve the recommendations.

The board will move to diminish Kalanick’s role once he comes back by giving some of the CEO’s job responsibilities to a chief operating officer — a position Uber has been actively recruiting for but has yet to fill.

This person would “act as a full partner with the CEO but focus on day-to-day operations, culture and institutions within Uber,” the report said.

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