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Alphabet Executive Steps Down From Uber Board Amid Growing Competition

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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David Drummond, senior vice president of Google, attends the eG8 forum in ParisBy Heather Somerville SAN FRANCISCO (Reuters) - Alphabet executive David Drummond, who has been a director on the Uber Technologies Inc [uBER.UL] board for close to three years, has stepped down, the ride-hailing firm confirmed on Monday. Drummond joined the board after Alphabet's venture capital arm GV in 2013 invested about $250 million in Uber, among the firm's largest investments and a deal in which Drummond was involved. "I recently stepped down from Uber's board given the overlap between the two companies," Drummond said in a written statement sent to Reuters.




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