GE's Immelt says he is no longer running for Uber CEO

Uber founder Travis Kalanick

The startup, last valued at $68 billion, is now being run by an "executive leadership team" that includes some of Uber's most senior employees, such as chief product officer Jeff Holden and regional general manager for the USA and Canada Rachel Holt.

The move comes amid several meetings over the weekend for Uber's board of directors that focused on potentially closing the company's CEO search.

Chairman Jeffrey Immelt was another top contender and presented his vision for the ride-hailing company to the board in recent days, the people said.

Uber's next leader will be tasked with helping the company surmount a year of setbacks, remaking its tarnished image and creating a profitable business out of what has been a loss-making endeavor. Due to opposing factions within the board, much of the search process has leaked and played out in public.

Two of Uber's stockholders are demanding access to Uber's books in an effort to prove that Benchmark Capital leaked confidential information about Uber in order to take control over the company. The investors at Benchmark are anxious that Immelt might be too eager to please Kalanick and would give the ousted CEO too much power. However, Kalanick has still maintained a regular circle of influence at Uber and has reportedly wanted to return as CEO, but the company shot down this speculation in an internal email.




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.

Hewlett Packard Enterprise chief executive Meg Whitman is now reported to be "the most likely candidate".

The New York Times is now reporting that Whitman, despite those denials, has remerged as the preferred candidate.

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.

However, it hasn't meant that she hasn't been in contact with Uber. The situation remains fluid, however; board members and investors have been feuding over issues including board control.

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