Uber appoints Dara Khosrowshahi as CEO

Uber appoints Dara Khosrowshahi as CEO

Khosrowshahi has been CEO of Expedia since August of 2015. He was at the helm of Expedia when it was spun out of IAC 12 years ago.

48-year-old Iranian-American Khosrowshahi has led Expedia (EXPE) since 2005, and is credited with leading its global expansion through its online-travel brands, which include Expedia.com, Hotels.com and Hotwire. "This really is just an example of pay for performance", a company spokeswoman told the Wall Street Journal (paywall) previous year. He's also incredibly well paid for that feat. Finally, Khosrowshahi emerged as the "truce" candidate that all board members felt comfortable with. Even with Uber's business growing and on a path toward a possible initial public offering, Khosrowshahi will have to disentangle the company's workplace culture, legal challenges and regulatory scrutiny. YourStory has reached out to Uber for comment and we will update the story, as and when they respond. She became a board favorite after presenting her vision for the ride-hailing company to the group on Saturday.

Another finalist is Meg Whitman, the chief executive of Hewlett Packard Enterprise.

In a previous statement, Kalanick said he would support the new CEO "to guide Uber into its next phase of growth and ensure its continued success".

Khosrowshahi was a previously unnamed contender. Provided, Travis still holds a board position and he had his differences with Benchmark, one of the major investors in the company. However, the travel industry observer Rafat Ali, the founder and editor of travel news site Skift, says there's a logical candidate if the company choses to find its next leader internally.

Whitman tweeted last month that she had no intention of becoming the CEO of Uber, but by this weekend, she was clearly in contention.

The letter was the culmination of a pressure that had been building since the beginning of 2017.

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"I believe that with this executive order, our president has reverted to the short game", he wrote in an internal company memo.

What that means for the Uber drivers and riders? What prompted an investigation is a large number of lawsuits and allegations of sexual harassment.

More women came forward with accounts similar to Fowler's in the days that followed.

Had that not been enough of an issue, the firm has recently been involved in a lawsuit which sees a former Waymo engineer (that went on to work at Uber) being accused of stealing information.

What role Kalanick has in Uber going forward remains unclear. He also sits on several boards, including The New York Times.

The problems spiraled as the year stretched on. I have also realized that effective communication is a core part of any executive's job.

Additional reporting from Jake Kastrenakes.