Uber's CEO search may end with Expedia's Dara Khosrowshahi

Posted August 28, 2017

Immediately prior to the IAC/Expedia spin-off, Khosrowshahi was CEO of IAC Travel, a division of IAC, where he was instrumental in the initial expansion of IAC's portfolio of travel brands, which now comprise Expedia Inc.

Will new CEO choice be expedient enough to enable Uber to fly steady following a period of remarkable turbulence?

Uber has selected Dara Khosrowshahi, chief executive of online travel firm Expedia to be its new leader, ending the ride-hailing company's complicated search process to fill the position.

Uber's board of directors has picked Dara Khosrowshahi to be the company's next CEO, multiple sources told CNN, Record and the New York Times. Expedia officials declined to comment on the matter, the report said.

We're still waiting for an official announcement, but the protocol is that Expedia first needs to announce Khosrowshahi's departure before his Uber appointment can be revealed. With this, the Uber Board has ended months of retrospection over finding a successor to ousted Travis Kalanick.

Frontrunner Jeff Immelt, the former long-standing chief of GE, dropped out of the race on Sunday evening, leaving the previously unknown contender to emerge triumphant.

Kalanick stepped down from the multibillion-dollar startup he helped build in June following pressure from the company's board and a direct request from the company's investors.

It will not be easy for Khosrowshahi changing Uber's culture that has included sexual harassment and allegations of deceit and corporate espionage.

Benchmark was reportedly backing Hewlett Packard Enterprise CEO Meg Whitman for the top job at Uber, while General Electric boss Jeffrey Immelt was also a front-runner to lead the troubled start-up. Kalanick was staunchly opposed to Whitman, with a person close to him saying that Uber's cofounder did not trust the HPE CEO and viewed her as being deceptive about her intentions.

The 48-year old businessman is now the CEO of Expedia, Inc. Hassan Khosrowshahi sold his retail business Future Shop for C$ 580 million to US-based Best Buy. He is also on the board of The New York Times Co.

Mr Khosrowshahi, 48, is an Iran-born American who graduated from Brown University with an engineering degree.

What role Kalanick has in the company going forward is a critical question whose answer remains unclear.

While some tech CEOs have sought to stay out of politics, Khosrowshahi has been openly critical of President Donald Trump .