Uber Technologies has confirmed that Travis Kalanick will no longer be a part of the company’s Board of Directors after December 31, 2019. Kalanick co-founded Uber along with Garrett Camp in 2009 and was launched in 2010 in San Francisco. As per reports, Kalanick has sold his entire shares in the company.

Dara Khosrowshahi, CEO said, “Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I’m enormously grateful for Travis’ vision and tenacity while building Uber, and for his expertise as a board member. Everyone at Uber wishes him all the best.”

The company has confirmed reports that Kalanick will focus on his new business and philanthropic endeavors after stepping down from all his roles at Uber. Kalanick responded, “Uber has been a part of my life for the past 10 years. At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits. I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines. I want to thank the board, Dara and the entire Uber team for everything they have done to further the Uber mission.”

Ron Sugar, independent chairperson of the board said, “I want to thank Travis for his service as a director on the Board. His unique expertise, honed over 10 years building Uber from a scrappy startup into the global public company it is today, will be missed. On behalf of the entire Board, I wish him the best of luck with his new endeavors”