Uber woes: Global exec resigns, investor sues to force Kalanick off board

Uber India faces uncertainty on Kalanick's exit

Uber Technologies Inc. Faced a fresh round of turmoil, with its global operations chief resigning and a major investor suing the ride-hailing company’s former CEO.

Ryan Graves told Uber staff in an email yesterday that he will transition out of his role as senior vice president of global operations in mid-September. Graves will remain on Uber’s board.

That board and its support for former CEO Travis Kalanick was the subject of a lawsuit filed Thursday in Delaware Chancery Court by Benchmark Capital Partners.

Benchmark is a major investor with 13 percent of Uber’s stock. It claims Kalanick is trying to pack Uber’s board with his allies and eventually return to his post as CEO. The venture capital firm says that would harm Uber’s shareholders, employees, drivers and customers.

A spokesperson for Kalanick said the lawsuit is “completely without merit and riddled with lies and false allegations.”

In the lawsuit, Benchmark claims Kalanick concealed material information from investors when he created three new board seats in 2016 and gave himself the right to appoint people to those seats.

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