NEW YORK — One of the founders of dominant ride-hailing service Uber, Travis Kalanick, will exit the company at the end of the year, the company announced on Tuesday.

Kalanick resigned from the board of directors effective Dec. 31 "to focus on his new business and philanthropic endeavors," Uber said in a statement.

"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," Kalanick said. — AFP