Uber's first employee steps down from executive role

Uber's Graves Stepping Down From Leadership Role

Graves did not give a reason for his departure beyond his desire for change.

Benchmark is seeking to remove Kalanick from the company's board of directors and exclude him from the Uber CEO search already underway. "So I will do everything in my power to deliver on those goals for the benefit of our organization and the millions of people - riders, drivers, eaters and couriers - and their communities that Uber serves every day". He also served as the San Francisco-based company's first CEO, in 2010.

Graves will not be going to another company, according to sources familiar with the matter.

Venture capital firm Benchmark Capital is suing former Uber Chief Executive Travis Kalanick for fraud, breach of contract and breach of fiduciary duty, news website Axios reported on Thursday.

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Graves said he will support Uber's new CEO once that person is hired. Mr. Graves was briefly Uber's chief executive in its early days before handing the reins to Mr.

But, Benchmark contends that it would never have given Kalanick those seats had it better understood his "gross mismanagement and other misconduct at Uber", which Benchmark claims included "pervasive gender discrimination and sexual harassment". Graves was one of the first employees at Uber and is a significant shareholder.

This article was originally published at 10:15 a.m.