SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] co-founder Travis Kalanick on Friday said he had appointed two new board members, challenging Uber shareholders who have asked a court to stop the former chief executive from naming directors.
Directors of the ride services company have been fighting over the future role of Kalanick, who was pressured to step down as CEO early this year in the wake of several company scandals.
Kalanick said in a statement he had appointed former Xerox Chief Executive Ursula Burns and former Merrill Lynch Chief Executive John Thain as directors in the face of proposals to dramatically restructure the board.
Investor Benchmark Capital filed a lawsuit in August to force Kalanick off the board and rescind his ability to fill three board seats, accusing him of concealing a range of misdeeds. Other Uber investors responded by asking Benchmark to divest its shares and step down from the board.
A Delaware judge later that month sent the Benchmark lawsuit to arbitration.
Uber and Benchmark did not immediately respond to requests for comment.
Reporting By Liana B. Baker; Writing by Peter Henderson; Editing by David Gregorio
We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at email@example.com
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.