Today Uber’s board of directors are meeting to discuss the results of an internal investigation conducted by former U.S. Attorney General Eric Holder. The board will also be discussing a leave of absence of CEO Travis Kalanick. Kalanick has been accused that his leadership has fostered a dangerous culture within the company, leading to an internal investigation into sexual harassment claims. Along with Kalanick’s departure, Uber’s Chief Business Officer, Emil Micheal, will be departing the company. According to the Wall Street Journal, Micheal may be resigning as soon as tomorrow.
The major management shakeups come just days after the company fired 20 employees for sexual harassment and workplace malpractice claims. The company has been fighting claims of a toxic culture for quite some time and the internal investigation was launched after it became apparent that at least some of the management team was aware of the issues and did nothing.
Recently, to help repair the company’s brand image, the company has hired Bozoma Saint John, Apple’ s former Head of Global Consumer Marketing. Saint John will be Uber’s Chief Brand Officer, a newly created position at the company as they attempt to elevate the company’s brand image and recover from their current crisis’s. In addition to Saint John, the company has also hired Frances Frei to be Senior Vice-President of leadership and strategy, and will reportedly be coaching the management team.
Uber’s board of directors will also be discussing the recommendations from Holder’s internal investigation. Uber’s board consists of seven members including; TPG Partner David Bonderman; Huffington Post co-founder Arianna Huffington; venture capitalist Bill Gurley of Benchmark; an official from a Saudi Arabian government investment fund; co-founder Garrett Camp (chairman); Uber SVP Ryan Graves; and Mr. Kalanick himself.
In addition to adding a chief brand officer, Uber is seeking a COO, CFO, a replacement for Emil Micheal and now presumably an interim CEO. The company was getting ready to prepare for an IPO offering later this year, but it’s unclear when the company is now targeting an IPO. Without a CFO or a stable management team, it would be impossible for the company to successfully move forward with their IPO plans.