Uber first employee and the former CEO Ryan Graves resigned from the company’s board of directors, a regulatory filing by Uber said last week.
Company’s independent chairperson of the board Ron Sugar wrote in the filing (see pic below) that Graves was key in shaping what Uber is today.
“While this is a bittersweet moment, we accept his personal decision that this is the right time for him to step down. Dara and I are grateful for his contributions to Uber’s success and wish him all the best going forward”,
Sugar wrote.
Ryan Graves was expected to receive $1 billion from the Uber IPO. Ryan Joined Uber in 2010 after Travis Kalanick CEO & Co-founder tweeted for hiring.
Joined in 2010, Graves helped the company to launch its operation officially and to raise a large amount of funding.
Ryan was the senior vice president of Uber global operations from 2011 to 2017. He Steps down from his position in 2017 after Kalanick exit.
Graves resignation comes after Uber long-awaited initial public offering. The company valued at $72 billion, priced its stock at $45 per share in its initial offer. But After Friday closing the Uber shares closed down 2.6 percent at just over $41 per share.
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