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Uber's CEO Search Is Nearing a Decision
September 21 2017, 09:25 | Alonzo Simpson
Shervin is not liking Benchmark
"I have vast respect for the company & founders - Travis, Garrett and Ryan", Immelt tweeted Sunday.
I have decided not to pursue a leadership position at Uber.
Benchmark, a notable venture capital firm and Uber investor, isn't confident that Immelt can tame Uber's co-founder and former CEO Travis Kalanick, Recode reported.
Whitman, who ran unsuccessfully as a Republican for California governor in 2010 before taking over Hewlett Packard, was an early front-runner for the Uber CEO job. The slate of candidates had narrowed to three people, according to people with knowledge of the process.
Former General Electric CEO Jeffrey Immelt has taken himself out of the running to lead Uber as the ride-hailing giant seeks to overcome its ethical scandals and turn itself into a profitable business.
The board is expected to vote Sunday on who will become the next chief executive.
Hewlett Packard Enterprise CEO Meg Whitman was also rumored to be a candidate. Times reporter Mike Isaac tweeted that Immelt pulled out to save face because he didn't have the necessary support from Uber's board. Kalanick has said the lawsuit is a "fabrication" and claims Benchmark is using intimidation to push him off the board of the company he helped create.
Uber has been searching for a new chief executive since June after previous boss Travis Kalanick resigned following pressure from shareholders.
Uber was not immediately available for comment. That committee is trying to change the company's culture so it's better behaved, a hard task without a top leader.
Uber has been plagued much of the year by high-profile missteps including allegations of espionage and deceit, and revelations of rampant sexual harassment and bullying among employees. "I am fully committed to HPE and plan to remain the company's CEO". He recently stepped down as GE CEO, but remains the chairman through the end of this year.
She is now president and chief executive of Hewlett Packard Enterprise Company, having split its computer and printer business (HP Inc) from its corporate hardware and services operations in 2014.