Dara Khosrowshahi, of Expedia, is new the CEO and Uber after a turbulent period
After a long period of scandals, investigations and searching for the next CEO, Uber has a new chairman. It’s name is Dara Khosrowshahi, the chief executive of Expedia, an online travel company. And this action brings an end to the search of the new chief executive and it may bring some peace for the ride-hailing company.
Uber has been under scrutiny for some time now and it was “headless” since its co-founder, Travis Kalanick left the position this June. And maybe his name is linked with scandals but let’s not forget that Uber altered the way of transportation and it became popular.
But, Dara Khosrowshahi was not the only candidate. He was chosen over the weekend after a board meeting, according to a report from the New York Times who cites anonymous sources
So, who is Mr. Khosrowshahi? He has been president and chief executive of Expedia since 2005, a company based in Bellevue, Washington. It is an online travel company and it has brands like Hotels.com and Orbitz. Also, Mr. Khosrowshahi also joined the board of The New York Times Company in 2015, and he has world at IAC/InterActive Corp. The new CEO seems to have a pretty good knowledge of the online market, but the big question is: Will he able to put Uber on track?
This past year was extremely hard for the carpooling service. Under Kalanick’s management the company faced sexual harassment accusations, a criminal investigation from the Department of Justice and a intellectual property dispute. All these scandals probably made the investors worry about the company’s future and Mr. Kalanick was under heavy scrutiny. But, he still a board member so he still has a vote.
Speaking of the board, its members were divided over the candidates. According to the NYTimes story people with inside knowledge say that Kalanick favored another candidate. Jeffrey R. Immelt, the former CEO of General Electric. But, Mr. Immelt withdrew on Sunday due to the fact that he didn’t have enough support to become the new chief.
On the other hand the board of directors preferred Meg Whitman, the chief of Hewlett-Packard Enterprise. But, the deal could not get through because directors and Ms. Whitman could not agree on the terms of the position. Eventually the board decided to choose Mr. Khosrowshahi, the third candidate.
We hope that the new CEO will lead the company to better days and better rides.