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Published: Mon, August 28, 2017
Economy | By Melissa Porter

Jeff Immelt bows out of consideration for Uber CEO job

Jeff Immelt bows out of consideration for Uber CEO job

With former GE CEO Jeff Immelt taking himself out of the running and the Uber board set to vote on a new CEO on Sunday, Recode reported that Whitman is "still on the fence said sources familiar with her thinking and she has communicated a number of changes at the car-hailing company that she would require to consider any offer lobbed her way".

Immelt was reportedly a top candidate for the job. Meg Whitman, CEO of Hewlett Packard Enterprise, was also a leading contender but said in late July that the Uber search process had become a "distraction" and that she would not be the next CEO.

In a tweet, Mr Immelt said he had "decided not to pursue a leadership position at Uber".

Two of Uber's stockholders are demanding access to Uber's books in an effort to prove that Benchmark Capital leaked confidential information about Uber in order to take control over the company. Uber has been trying to fill the leadership vacuum left by the departure of Kalanick and to restore confidence in the business after months of tumult.

Benchmark still believes that Meg Whitman would be less tolerant of Kalanick's antics and won't be "open towards the pugnacious entrepreneur", Recode added.

The ride-hailing giant, valued at about $70 billion, faces a lawsuit over self-driving auto technology from Alphabet Inc.'s Waymo and a US probe into the use of software to deceive law enforcement officials. That committee is trying to change the company's culture so it's better behaved, a hard task without a top leader. Kalanick was embroiled in scandals involving the mishandling of an Indian woman's medical records and a verbal altercation with an Uber driver.

Uber has been searching for a new chief executive since June after previous boss Travis Kalanick resigned following pressure from shareholders.

Ms Whitman has previously said she is not interested in the job, posting on Twitter that "I am not going anywhere".

More recently, Immelt's decision to publicly defend his involvement on President Donald Trump's manufacturing council two days before it disbanded was seen as troublesome.

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