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Outgoing General Electric CEO Jeffrey Immelt Added on the List for Uber’s Potential CEO

28 July 2017, India:

Jeffrey Immelt, the outgoing chief executive officer at General Electric is added on the list of candidates to take over as head of Uber as per the report by Bloomberg.

Over a month after Kalanick resigned, Uber is unable to pin point to one person to lead the Uber out of the chaos and bring back on the path of success. Meg Whitman denied the speculations of becoming Uber’s next CEO earlier in the day.

Also read- Losses, Cases, Sexual Harassment: Can They Make Uber Story Great Again?

Immelt, 61, said last month he was stepping down as chairman and CEO of GE after a tumultuous 16-year tenure. John Flannery, a 30-year company veteran who oversees the health unit, will become CEO of the manufacturing giant.

Uber’s search committee consists of five board members, including Kalanick; Nestlé SA executive Wan Ling Martello; venture capitalist Matt Cohler; media magnate Arianna Huffington and private-equity partner David Trujillo.

Kalanick’s resignation stunned many in Silicon Valley who viewed his position as secure, because he holds plenty of Uber’s stock and because he built the ride-hailing service into a nearly $70 billion company in just eight years.

The other contenders to run Uber are Former Google Executive and SoftBank Group President, Nikesh Arora, Susan Wojcicki of YouTube, Adam Bain, Twitter’s former chief operating officer, David Cush, a former CEO at Virgin America and Thomas Staggs, an ex-COO at Disney.

“Uber” the world’s most valuable startup that had been synonymous with the on-demand model has been taking heat both internally and externally in the past year. Until last year, Uber was in the news for all the right reasons, but the same cannot be said right now. San Francisco-based Uber was valued at nearly $70 billion following a fundraising round about a year ago, making it the most world’s most valuable private company, and has raised about $15 billion in the venture and debt financing. (Image- Bloomberg)

Related read- Uber’s Cultural Change Recommendations, Why Your Every Startup Must Follow It

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