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Image Credits: Mario Tama / Staff / Getty Images
Travis VanderZanden’s slow-motion departure from Bird is now total. The scooter rental business announced in a late-Friday news dump that the executive has actually stepped down from his function as chairman of Bird’s board, “effective immediately.”
Replacing VanderZanden is John Bitove, who contributed in conserving Bird’s bacon in 2015 by means of its merger with Bird Canada.
VanderZanden had actually led Bird from its beginning as the business’s president and starting CEO, however that all altered in 2015 when Bird’s decreasing stock rate culminated in a delisting caution from the New York Stock Exchange. Soon after, VanderZanden stepped down from his function as president, turning over the title to Bird’s then-chief running officer Shane Torchiana. Torchiana went on to presume the CEO post too numerous months later on. At the time, VanderZanden called the reorg a “long-planned transition.”
According to Bird, VanderZanden “decided to step down [from the board] to pursue other ventures.” In a likewise unclear yet appealing declaration, VanderZanden included that he plans to go back to his “entrepreneurial roots and incubate some new ideas.”
TechCrunch has actually connected for more details on the creator’s departure and will update this story when we hear back.
