Dara Khosrowshahi (Expedia CEO) Selected as New CEO of Uber

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On Sunday, Dara Khosrowshahi has been selected by Uber Technologies Inc. as its new Chief Executive. He was working as the chief executive of Expedia Inc. (a travel company). Our authenticated sources have indicated that Uber will hand over the challenge of leading the ride-sharing company out of at least past one year crisis to him. 48-years old Khosrowshahi would get the daunting task of mending image of Uber, repairing distressed relations among investors, rebuilding morale of employees and generating a profitable business after seven years of various losses. Now, Uber’s board has picked new executive Khosrowshahi with an excellent track record of remarkable growth while also delivering profits. So, the unprofitable Uber wants to satisfy its investors. Khosrowshahi has also proven capabilities of making Expedia the leader in another industry full of change and competition in online travel.

Point to be noted that pugnacious co-founder of Uber was ousted as CEO in June after shareholders representing about 40% of the company’s voting power signed a letter asking him to step down. It was due togrowing concern over his behavior and the behavior of senior managers working under him. The Uber board of directors arranged meetings on daily basis throughout weekend and finalized on picking Khosrowshahi as Uber’s new CEO. On Sunday, a spokeswoman on the company said that the board had voted but they have decided not to disclose their choice publicly until after informing its employees. A spokesman of Uber and Expedia spokeswoman denied commenting regarding the latest update. Khosrowshahi also didn’t immediately respond to requests for comment.