Consumer Products

Uber President Resigns -- Reuters

Troubled ride-sharing service Uber lost its president, a former executive from Target Corp. (NYSE: TGT). Jeff Jones has quit, according to Reuters.

He made the following statement, according to Reuters:

“I joined Uber because of its mission, and the challenge to build global capabilities that would help the company mature and thrive long term,” Jones said.

“It is now clear, however, that the beliefs and approach to leadership that have guided my career are inconsistent with what I saw and experienced at Uber, and I can no longer continue as president of the ride sharing business,” he added. Jones wished the “thousands of amazing people at the company” well.

Uber has been rocked by accusations of favoritism by employees and disputes with drivers.