Uber Selects Expedia boss Dara Khosrowshahi as new CEO

Published By : 28 Aug 2017 | Published By : QYRESEARCH

Ending months of speculation, Uber has picked its new chief executive. The Uber board ended the search by deciding to appoint Expedia boss Dara Khosrowshahi as their new leader. The 48-year old Iranian American has been the chief executive of online travel firm Expedia since 2005.

Uber was on the lookout for a new leader after the founder of the ride-hailing service Travis Kalanick resigned in June because of pressure from shareholders. The selection of the Expedia chief has come as a surprise, as he beat some big names big names who were touted for the role. This includes are General Electric chairman Jeff Immelt and Hewlett Packard boss Meg Whitman.

While Mr Immelt himself withdrew from the race, Ms Whitman stood as the most likely candidate despite her comment that she wasn’t interested in the job. Prior to this, in June, Mr Kalanick confessed to allegations from shareholders and stepped down.

New Position comes with Steep Tasks for Mr Khosrowshahi

Mr Kalanicks’ resignation came after months of turmoil at the firm, which include a spate of controversies about sexual harassment, macho culture, and exit of senior executives. To pick the leader, the Uber board had been meeting daily and were deliberating for the same.

However, the company has not made any official announcement, neither Mr Khosrowshahi have made any comment regarding the same.

Mr Khosrowshahi’s selection as the new chief executive places before him a number of steep tasks. This includes repairing Uber’s corporate image, creating a profitable business after many years of losses, and improving relations with investors.

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