Tpg Uber Ipo Trujillo

Tpg uber ipo trujillo

David Trujillo, a partner at investment firm TPG Capital, will be taking David Bonderman’s seat on Uber’s board of directors, sources familiar told Recode.

Tpg uber ipo trujillo

Uber confirmed Trujillo’s position on the board.

Bonderman stepped down last week after he made a sexist remark to fellow Uber board member Arianna Huffington during a company meeting. Staffers were gathered to discuss the findings of an internal investigation into allegations of sexual harassment and sexism.

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Trujillo, who sources familiar say sourced the investment in the ride-hail company, will help the board move quickly on starting the search for new leadership.

On Tuesday, Uber CEO Travis Kalanick announced that he was resigning in response to pressure from five major shareholders.

Tpg uber ipo trujillo

That included Benchmark partner and board director Bill Gurley.

Trujillo joins at a difficult time for the company.

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The ride-hail behemoth is in the midst of searching for a replacement for Kalanick as well as a COO, CFO and general counsel as it overhauls its internal structure and leadership.

While the CEO search is the priority, the next step for the company will likely to be reorganizing the board.

Tpg uber ipo trujillo

The investigation, which was prompted by a former Uber engineer’s first-hand account of sexism in the work place, called for a more independent board and reallocation of the CEO’s responsibilities.

Already, the company has elected Nestle executive Wan Ling Martello to step in as an independent board director.

Tpg uber ipo trujillo

Trujillo also serves on the boards of Cirque du Soleil, Creative Artists Agency, Ipsy, Layer3 TV, RCN Telecom & Grande Communications, RentPath and Univision Communications. He also led TPG’s investment in Airbnb, according to the company website.

Tpg uber ipo trujillo

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