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Uber Technologies, Inc. has announced that Travis Kalanick will resign from the company's board of directors as of December 31, 2019 to focus on his new business and philanthropic endeavors. Kalanick was one of the founders of Uber in 2009. In June 2017, he stepped down as CEO after a series of setbacks.

“Very few entrepreneurs have built something as profound as Travis Kalanick with Uber. I am deeply grateful for Travis' vision and persistence in building Uber, and for his expertise as a board member. Everyone at Uber wishes him the very best, ”said Dara Khosrowshahi, CEO.

News of his departure comes a few days after the taxi service reached a $ 4,4 million ($ 4 million) settlement in a federal investigation of sexual harassment within the company.

When Travis stepped down as CEO in the summer of 2017, the company had had several turbulent months. Employees accused Kalanick of creating a wrong workplace atmosphere that encouraged sexual harassment and bullying.

An Uber spokesman stated that Kalanick has sold his entire stock of shares in the taxi company worth approximately $ 3 billion, according to Reuters news agency. Kalanick is currently working on a start-up that focuses on large industrial kitchens and the rental of space to restaurants.

Also read: Uber again banned in Germany after ruling

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