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Uber Hires Expedia Boss Dara Khosrowshahi As New CEO

Uber Hires Expedia Boss Dara Khosrowshahi As New CEO

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Uber chose Dara Khosrowshahi, CEO of Expedia as CEO of the company nine weeks after the resignation of co-founder, Travis Kalanick.

Uber has a new CEO: The former Expedia CEO Dara Khosrowshahi has accepted the position. He was not the first choice.

Two months after the departure of the founder Travis Kalanick, Uber has finally found a successor. Uber said on Tuesday evening, Dara Khosrowshahi, the former head of the travel portal Expedia, assumes the top position of the driving service. The Supervisory Board praised Khosrowshahi for his “experience, talent and vision”.

The longtime Expedia boss was however not the first choice for Uber. Previously, EX-GE boss Jeff Immelt had already rejected the position via Twitter. Meg Whitman, who heads Hewlett Packard Enterprise, did not want to take over either. According to Recode, there were two camps on the Supervisory Board: Investor Benchmark Capital, who had sued Kalanick after his resignation, supported Whitman. The founder himself, on the other hand, spoke out for Immelt as the new CEO.

Fighting on the supervisory board for new CEO

After Immelt rejection, Whitman was supposed to be the Kalanick successor. But she demanded several changes: Kalanick should get minimal role, at the same time she wanted more control over the supervisory board. According to Recode sources, this was problematic. So the election fell in the end on Khosrowshahi.

Khosrowshahi, born in Iran, has been flying Expedia since 2005. Despite strong competition from Airbnb, he was able to increase the turnover of the travel portal by 18 percent. He is now faced with new challenges: after a large part of the management has left the company, he needs a new financial policy as well as a new COO. At the same time, he has to deal with a complaint from Google’s sister Waymo.

Travis Kalanick founded the service in 2009 and made one of the most promising start-ups in Silicon Valley. About nearly $ 9 billion of venture capital has been collected and counts as one of the most valuable start-ups in the world, with an interim valuation of up to 70 billion dollars. In June, Kalanick had to leave the company after a series of scandals. These included, among other things, sexism allegations. Also criticism of his leadership style had previously occurred.

 

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