Ex-Expedia chief exec named new Uber CEO

Ex-Expedia chief exec named new Uber CEO

Ex-Expedia chief exec named new Uber CEO

Human cloud, ride-sharing firm Uber Technologies Inc. will appoint Dara Khosrowshahi, president and CEO of Expedia Inc., as its new CEO, according to media reports.

Uber's fractious eight-member board voted Sunday to offer the job to Khosrowshahi, 48, who has spent most of his career at Expedia or what was once its parent company, IAC/InterActiveCorp.

Despite all its struggles, Uber continues to see strong growth in ride bookings, which doubled in the second quarter compared with the same time a year ago. In a note to Expedia employees, Barry Diller, the travel company's chairman, said he believed Khosrowshahi meant to accept the job.

The ride-services company is still grappling with an overhaul of its workplace culture, a range of legal troubles and most recently a bitter board dispute.

Since Kalanick's resignation, Uber has been led by a committee of 14 executives, several of whom were promoted after their bosses left the company. What's less well known to most is what Khosrowshahi is like as person and as a leader. Uber found a new CEO, but it hasn't named a board chair. Expedia led an $11 million round in the small San Francisco company, which has spread to 30 markets.

Dara Khosrowshahi has a almost ideal resume to be Uber's next CEO.

Recode reported that Khosrowshahi, an Iranian American businessman, is considered the "truce" choice for the board, which saw ugly infighting in recent weeks between Kalanick and major investor Benchmark Capital. Hewlett Packard Enterprise CEO Meg Whitman and General Electric chairman Jeffrey Immelt were other finalists for the position.

Khosrowshahi was born in Tehran, Iran, around the time of the Iranian Revolution.

The board of directors, as well as the team of employees, must now have their hoped pinned on Khosrowshahi to step in and give the company the face lift it needs. The deal included stock options valued at $90.8 million at the time they were awarded. However, his handling of the situation amidst protest against Donald Trump's diktat to ban refugees from seven Muslim-majority countries was seen as the final straw that did him in.

Uber has also been investing in autonomous driving technology, and provoked a lawsuit from the former Google auto unit now called Waymo that accused Uber of stealing trade secrets.

But Khosrowshahi is used to dealing with hard personalities - including the man who made him CEO of Expedia, Barry Diller.

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