that Ryan Graves, its first employee, is leaving the company's board, effective Monday.
Graves was the company's first CEO, hired by Travis Kalanick after he responded to a Kalanick Tweet seeking a "Looking 4 entrepreneurial product mgr/biz-dev killer 4 a location based service." HeOn May 23, 2019, Ryan Graves informed Uber Technologies, Inc. of his intention to resign as a member of the Company's board of directors, effective as of May 27, 2019, including any committees of the board of directors on which he serves. Mr.
"Mr. Graves was selected to serve on our board of directors because of his experience as one of the early leaders of our company, and as such, his innovation, technology, and high-growth experience, as well as his consumer and digital experience," Uber said in the prospectus for its initial public offering.
In the prospectus Uber said it had bought more than 1.1 million shares of the company's stock from Graves. Following the IPO he owned 1.9% of Uber, according to the prospectus. Graves, who has served on the Uber board's compensation committee, is now founder and CEO of Saltwater Capital, which has invested in companies like Calm and Equator Coffees & Teas.
'Mr. Graves’ resignation was not the result of any disagreement between Mr. Graves and the Company, its management, board of directors or any committee thereof, or with respect to any matter relating to the Company’s operations, policies or practices.'
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