Jeff Immelt says he will not be Uber's CEO

Axios / Lazaro Gamio

General Electric chairman Jeff Immelt has pulled himself out of the running to be CEO of Uber, which has been without a leader since Travis Kalanick was forced to resign in late June.

I have decided not to pursue a leadership position at Uber. I have immense respect for the company & founders - Travis, Garrett and Ryan. — Jeff Immelt (@JeffImmelt) August 27, 2017

Context: The timing of Immelt's tweet is curious, given that he met in person with members of Uber's board yesterday, in what was viewed as a final interview before an expected vote today. Either Immelt didn't like what he heard from the directors, or he felt he wouldn't get the nod and decided to preemptively save face.