Ex-GE CEO Jeffrey Immelt tops list to become Uber’s next CEO


FILE PHOTO: General Electric Co Chief Executive Jeff Immelt speaks at a news conference in Boston, Massachusetts, U.S. on April 4, 2016.  REUTERS/Brian Snyder/File Photo
Jeffrey
Immelt could soon jump from GE to Uber.

Thomson Reuters

Jeffrey Immelt, the former CEO of GE, is
now the top candidate to become the new CEO of Uber,
Recode reported
on Saturday, citing “numerous” unnamed
sources.

A majority of the board of the app-based taxi company is leaning
toward Immelt, but two other candidates are still in the running,
Recode reported. The board expects to vote on a new CEO within
the next two weeks, according to the online news outlet.

“We know it is never going to be a perfect choice, but everyone
is becoming exhausted,” an unnamed source told Recode, adding,
“We need someone with the skills to move us along.”

Uber has effectively been headless since
Kalanick resigned in June
. In addition to Kalanick, the
company has lost multiple executives this year and has
numerous holes in its executive team
, including for chief
financial and operating officers.

The company has experienced a string of controversies and
scandals since the beginning of the year. But the most crucial
was triggered by an
investigation into sexual harassment
at the company and
Uber’s overall workplace culture that was spurred by
allegations from a former female engineer
. In the wake of
that investigation, which found evidence of numerous incidents of
harassment, Uber
fired more than 20 employees
, and a group of Uber investors
forced Kalanick to resign.

Uber’s CEO search has since become the source of yet another
series of controversies. Benchmark Capital, an early investor in
the taxi company, has sued Kalanick, charging that he has impeded
the search for a new CEO and is scheming to get himself
reappointed to the position. Other Uber investors have been
harshly critical of Benchmark for its suit, and Kalanick is
trying to get the case dismissed and sent to arbitration.

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travis kalanick
Immelt
would replace Travis Kalanick, who resigned in
June.

Steve Jennings/Getty
Images


Immelt
resigned his position as CEO of GE
on August 1. He remains
the conglomerate’s chairman.

Investors and employees criticized Immelt’s tenure as the
company’s CEO; GE’s stock was trading at a lower level when he
stepped down than it was when he took over in 2001.

And he may have another knock on him: He’s not a woman. In the
wake of the sexual harassment complaints, many inside and outside
Uber have been urging the company to appoint a woman to its top
role.

However, that may not be too much of a hindrance for Immelt.
According to Recode and The Washington Post,
none of the three remaining candidates
for Uber’s CEO
position is female.

Source