New York (CNN Business) Travis Kalanick is finally letting go of the company he helped build.

Uber UBER Kalanick, the cofounder and former CEO of, is stepping down from the company's board of directors at the end of this month to focus on other projects, Uber announced on Tuesday.

"It seems like the right moment for me to focus on my current business and philanthropic pursuits," Kalanick said in a statement. "I'm proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines."

Kalanick co-founded Uber in 2009 and built it into the world's most valuable startup by steamrolling competitors and evading regulators. The company has tangled with local and national governments , labor unions and even its own drivers

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