Dara Khosrowshahi
Expedia CEO Dara Khosrowshahi has been named Uber’s top executive, taking the difficult job of mending the dysfunctional ride-hailing giant and turning it from money-losing behemoth to a profitable company.
Uber’s fractured eight-member board voted to hire Khosrowshahi yesterday [Macau time], capping three days of meetings and the withdrawal of once-top candidate Jeffery Immelt, former CEO and still chairman of General Electric, two people briefed on the decision said. They didn’t want to be identified because the decision had not been officially announced.
Khosrowshahi has been CEO of Expedia since August of 2015. The online booking site is one of the largest travel agencies in the world.
He will replace ousted CEO Travis Kalanick and faces the difficult task of changing Uber’s culture that has included sexual harassment and allegations of deceit and corporate espionage. Uber also is losing millions every quarter as it continues to expand and invest in self-driving cars.
The company currently is being run by a 14-person group of managers and is without multiple top executive positions that will be filled by Khosrowshahi.
He immediately will face troubles on many fronts, including having to deal with multiple board factions that had once pushed Immelt and Hewlett Packard Enterprise CEO Meg Whitman. Several factions of the board are suing each other. AP
