Uber picks Khosrowshahi as new CEO

0
33
Dara Khosrowshahi, new Uber CEO

AUGUST 28, 2017 – Expedia boss Dara Khosrowshahi has been chosen to replace Travis Kalanick as Uber Chief Executive Officer (CEO), ending months of speculation in the firm’s search for a new leader.

The decision was made by Uber’s board late on Sunday, a source told the BBC, but the company has made no official announcement.

Kalanick resigned in June following pressure from shareholders and the firm is battling to repair its image after a series of scandals.

Several big names – including Hewlett Packard boss Meg Whitman and General Electric chairman Jeff Immelt had been touted for the role.

Mr Immelt ruled himself out of the race over the weekend, while reports intensified that Ms Whitman was the most likely successor despite her saying she was not interested in the job either.

Mr Kalanick bowed to pressure from shareholders in the San Francisco-based firm and stood down in June.

His resignation came after months of turmoil at the firm, including a series of controversies about sexual harassment, macho culture and the departure of senior executives.

Uber’s board has been meeting daily and was deliberating on its pick for a new leader over the weekend.

A spokesperson for the company declined to comment on the appointment and there has been no comment from Mr Khosrowshahi.

He has been chief executive of online travel firm Expedia from 2005.

If he takes the Uber job, he would have a steep task ahead of him which includes repairing Uber’s corporate image, improving relations with investors and creating a profitable business after years of losses.

DCSL 90X780

LEAVE A REPLY