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Former GE CEO Jeff Immelt says he is no longer vying to be Uber CEO

He had been competing for the job with another unnamed candidate (who I am beginning to believe does not exist), as well as the recent re-entry of Hewlett Packard Enterprise CEO Meg Whitman to the process.

Immelt has been the choice of ousted CEO Travis Kalanick, whom he thanked in his tweet along with Uber co-founder Garrett Camp and early company exec Ryan Graves.

Most of all, sources said that Immelt was put off by recent legal attacks by major Uber investor Benchmark on Kalanick and felt the famous Silicon Valley venture firm had become a “destructive” influence on the process.

But a large group on the board — including Benchmark’s Matt Cohler and Graves — now appear to be favoring Whitman and are trying to cobble together an offer to get her back, which might have caused Immelt to depart the competition before he was not chosen.

In other words, while some sources close to board say the Uber Ceo search remains a two-way race now, Whitman pretty much has the directors over a barrel.

READ MORE (Recode)

  • Former GE CEO Jeff Immelt says he will not become Uber's next CEOBusiness Insider
  • Jeff Immelt says not pursuing Uber CEO jobYahoo Finance
  • Jeff Immelt Pulls Out of Running for Uber CEOYahoo Finance
  • Uber's board is set to vote on a new CEO today — but the outcome is still unclearRecode
  • Former GE CEO Immelt out of running to lead challenged
  • Jeff Immelt bows out of consideration for Uber CEO jobCNET
  • Uber's key CEO candidate backs out at the last minuteEngadget
  • Immelt out of running as Uber CEO; Whitman could land jobUSA TODAY
  • Uber could announce a new CEO by mid-weekMarkets Insider

This post first appeared on The 5th News, please read the originial post: here

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Former GE CEO Jeff Immelt says he is no longer vying to be Uber CEO


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