UBER SELECTS EXPEDIA’S DARA KHOSROWSHAHI AS ITS NEW CEO


 
Uber’s board has selected Dara Khosrowshahi, the head of Expedia, to serve as its new chief executive, according to two people familiar with the decision, as the troubled Silicon Valley company looks to turn over a new leaf.
 
The unanimous vote on Sunday came after months of infighting, leaks and divisions on Uber’s eight-person board, which has struggled to unite after former chief executive Travis Kalanick was ousted by investors in June.
 
Mr Khosrowshahi has not publicly confirmed whether he will accept the job. On Sunday night the final paperwork for the appointment was still being signed, according to people close to the process, who said Uber could make a formal announcement as soon as Monday morning.
 
The Expedia chief was one of three finalists for the role, along with Meg Whitman of Hewlett Packard Enterprise and Jeff Immelt of General Electric. The deep divisions on the Uber board have complicated the chief executive selection process, and Mr Immelt announced early on Sunday that he was withdrawing his candidacy.
 
Mr Khosrowshahi, 48, has been chief executive of Expedia for more than a decade, leading the company through a period of double-digit revenue growth at a time when the travel industry is being disrupted by upstarts such as Airbnb.
 
His task at Uber will be to restore the image of a company that has been badly damaged by a series of crises, including a lawsuit in which Benchmark, a major shareholder, is accusing Mr Kalanick of fraud and attempting to remove him from the board. Mr Kalanick denies those allegations.

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