Travis Kalanick, the founder of Uber has reportedly resigned as the CEO of the ride-hailing service. Kalanik had founded the company in 2009.
The New York Times reported that Kalanick's resignation has come following a shareholder revolt within the company.
Earlier there were reports that Kalanick was likely to take a leave of absence from the company, but no final decision was made. Emil Michael, senior vice president and a close Kalanick ally, had reportedly left the company too.
Kalanick's resignation comes after Uber faced a number of controversies recently. Earlier, Kalanick had reportedly taken a leave of absence recently.
In a statement obtained by NYT, Kalanick said, "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors' request to step aside so that Uber can go back to building rather than be distracted with another fight."