Uber Chooses a New CEO

Uber Chooses a New CEO

Expedia CEO Dara Khosrowshahi has been appointed as the new chief executive of the ride-sharing company Uber. The announcement was made on Sunday f

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Expedia CEO Dara Khosrowshahi has been appointed as the new chief executive of the ride-sharing company Uber.

The announcement was made on Sunday following the allegations of sexism and racism that led to dismissing the founder Travis Kalanick, as the Guardian (theguardian.com) reported.

Khosrowshahi is an Iranian American who has been in charge of Expedia for 12 years.  Expedia is one of the biggest online travel agencies in the US that grew in revenues from $2.1 billion in 2005 to $8.7 billion in 2016, a period in which Khosrowshahi was a CEO of the company.

Expedia reportedly owns travel sites like Hotels.com, Orbitz, Trivago, HomeAway, Travelocity and others, as Business Insider (businessinsider.com) wrote in their publication.

The board of Uber has narrowed the CEO search down to three candidates. Former GE CEO Jeff Immelt and HP CEO Meg Whitman were believed to be top candidates.

The new CEO will have to reform the company`s workplace culture in the wake of the recent scandals and accusations.

Several senior executives quitted the company, including president Jeff Jones who said that working for the company was incompatible with his values.

“The beliefs and approach to leadership that have guided my career are inconsistent with what I saw and experienced at Uber, and I can no longer continue as president of the ride-sharing business.”, he told the technology blog Recode (recode.net) as quoted by the Guardian.

Other executives like senior vice-president of engineering Amit Singhal, head of policy and communications Rachel Whetstone, vice-president of product and growth Ed Baker and head of finance Gautam Gupta have also left the company, as the Guardian pointed out.

Uber and Expedia didn`t comment on the news, as Business Insider wrote.

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