Uber boss Travis Kalanick has resigned as chief executive after pressure from shareholders.
Mr Kalanick will remain on the board of the ride-hailing firm, however.
His resignation comes after a review of practices at the firm and scandals including complaints of sexual harassment.
Last week he said he was taking an indefinite leave of absence following the sudden death of his mother in a boating accident.
Five major Uber investors demanded Mr Kalanick’s immediate resignation in a letter on Tuesday, the New York Times said.
Mr Kalanick reportedly said: “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight.”
Uber’s board said in a statement: “Travis has always put Uber first. This is a bold decision and a sign of his devotion and love for Uber.
“By stepping away, he’s taking the time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in Uber’s history. We look forward to continuing to serve with him on the board.”