Travis Kalanick, the ousted CEO and co-founder who however contains a seat on Uber’s board of directors, evidently blindsided the company Friday by appointing two new board users.
Kalanick tapped Ursula Burns,
previous CEO of Xerox (XRX), and John Thain, former chief executive of Merrill Lynch.
“I am appointing these seats now in
light of the latest Board proposal to substantially restructure the Board and appreciably change the firm’s voting legal rights. It’s therefore essential that the whole Board be in position for proper deliberation to come about,” Kalanick stated inside of a statement.
explained he has “no question the Board is going to be well-served” by his appointees “as Uber moves in the subsequent stage of progress and prepares for any community providing,” the assertion reads.
explained in its individual assertion the move came as a “complete shock.”
Relevant: Ursula Burns says it is a ‘time of power’ for girls in tech
“That is
precisely why we’ve been doing work to place in place world-class governance to make certain we are creating a company each and every worker and shareholder can be proud of,” the assertion reads.
Kalanick, who
still left the CEO position in June amid a sequence of scandals, does hold the right under the board’s present guidelines to produce appointments.
these procedures are for the root of a lawsuit that’s at the moment in arbitration, and at the center of an ongoing controversy.

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