Jeff Immelt Announces He Will Not Be CEO Of Uber

Timeline Uber's management crisis
Timeline Uber's management crisis
Author

28 August, 2017

Uber's quest for a new chief executive to succeed Travis Kalanick has taken another twist after one of America's most senior corporate figures ruled himself out.

The legal request follows another letter sent Thursday to Uber and Garret Camp, who is chairman of the app-based taxi company's board, in which Pishevar accused Benchmark of violating its fiduciary duty as a significant investor in Uber.

I have decided not to pursue a leadership position at Uber.

Meg Whitman, chief executive of Hewlett Packard Enterprise, is now the frontrunner to become the new Uber boss, the New York Times reported, despite Whitman stating publicly last month that she would not be leaving HPE.

Immelt had been widely rumored to be a top candidate for the Uber CEO post.

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The board is holding daily meetings to interview remaining candidates and could cast a final vote as soon as Sunday afternoon in San Francisco, according to people familiar with the deliberations.

Representatives for Uber, Benchmark and Immelt declined to comment. That committee is trying to change the company's culture so it's better behaved, a hard task without a top leader.

The change re-ignited rumors Whitman, the former CEO of eBay and onetime Republican nominee for California governor, may be in line for Uber's open CEO job.

She is now president and chief executive of Hewlett Packard Enterprise Company, having split its computer and printer business (HP Inc) from its corporate hardware and services operations in 2014.

Immelt is known for his ambitious vision during his 16-year tenure as CEO of GE, refashioning the company into a digital enterprise focused on leading the emerging business of internet-connected industrial products. His critics said he lacks sufficient technology experience and failed to impress investors at GE. Uber's long year of controversies began in January when Kalanick tried to justify his position on another Trump council before ultimately resigning that post after customers staged a boycott. The company has been looking for chiefs of finance, marketing and operations, among other roles.


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