Instant riding service provider Uber is reported to go through a major conflict in its Board Of Directors segment which eventually lead to the resignation of the longtime executive of Google David Drummond from Uber board of directors. Over the conflict of interest, David is said to give his abdication few weeks before, which has been undisclosed.
According to a recently published report by The Wall Street Journal, Alphabet executive David Drummond resigned from the Board of Directors of Uber due to the revving up competition between the companies over self-driving cars. Uber has confirmed this news through an email to ‘The Verge.’
David is the executive of Google’s Venture and is the chairperson of its various speculation arms, including GV, which is formerly known as Google Ventures. Through this venture, Google invested $250 million in Uber in 2013 and since that time, David was continued to be a part of Uber’s Board of Directors.
The report of abdication was unrevealed by both Uber and Google and earlier today, when Drummond had been kept from going to executive gatherings at Uber, the news get to be authentic. It is accounted for that; the inconsistency raised because of the irreconcilable situation emerging from potential rivalry amongst Google and Uber. Both organizations are chipping away at self-driving car ventures went for giving digital ride-hailing services.
When asked David about this conflict, he confirmed the news by saying that, “I recently stepped down from Uber’s board given the overlap between the two companies. Uber is a phenomenal company, and it’s been a privilege working with the team over the last two plus years. GV remains an enthusiastic investor and Google will continue to partner with Uber. I want to wish Travis all the best for the future.”