Jun 21, 2017

TPG Capital's David Trujillo to join Uber's board

Jeff Chiu / AP

TPG Capital and Uber have finally agreed on a new board member for the ride-hailing company: partner David Trujillo, as Bloomberg and first reported and Axios has also confirmed from a source.

Last Tuesday, TPG Capital chairman and founding partner David Bonderman resigned from Uber's board after he made a sexist remark toward fellow board member Arianna Huffington during a company meeting. As Axios pointed out then, Trujillo was the most obvious replacement as he brokered TPG's original investment in Uber.

Axios has also learned that TPG Capital was aware of the letter a group of investors planned to send to CEO Travis Kalanick asking for his resignation. Though the firm declined to participate in order to maintain its independence, it did feel the company's leadership needed a change, and Kalanick's eventual resignation accelerated TPG Capital's move to fill its board seat.

The story has been updated to reflect that Bloomberg first reported the news.

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