As of Tuesday Travis Kalanick CEO of Uber has officially stepped down from the role amidst a lot of pressure over the last weeks that range from various sexual harassment claims to his mothers recent passing.  Kalanick co-founded Uber in 2009 building what is now the most recognizable ride sharing service.

According to sources early Tuesday morning five members of Uber’s board called for Kalanick’s resignation amidst all the turmoil. Citing that Uber as a company needs new leadership. Upon discussing further with other board members Kalanick agreed to step down as CEO but remain on the board of directors releasing the following statement.

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building rather than be distracted with another fight”

Uber has been in the public eye following allegations of sexual harassment in the workplace to Kalanick’s own dispute with an Uber driver caught on tape & the most recent personal tragedy with his mothers passing. Not to mention a series of other ongoing lawsuits from the likes of Google to name but one.

Uber a company valued at about $70 billion has definitely had it shares of ups & down. The recent spotlight has certainly hurt the company’s overall image & that can be argued that it stems from the top. However with Kalanick resigning we can only see how new management/leadership plays out for the ride sharing business.