Following Travis Kalanick’s infamous exit from Uber as the CEO and months without a driver, Uber gets new CEO
Expedia’s boss, Dara Khosrowshahi, an Iranian immigrant, will above all else, be tasked with changing the narrative of the Uber work culture amongst other things
The embattled ride-hailing startup has been without a CEO since founder and former CEO Travis Kalanick resigned in June after an investigation into the company’s culture.
He, however, remains on Uber’s board.
Khosrowshahi was not among those reported to have been in the running. The short list included Jeff Immelt, the former CEO of General Electric (), and Meg Whitman, the head of Hewlett Packard Enterprise ( , Tech30).
Khosrowshahi, an Iranian immigrant, took the helm of Expedia () when it spun out of InterActiveCorp’s ( ) IAC Travel division in 2005. He previously served as IAC Travel’s CEO, as well as IAC’s chief financial officer.
As Uber’s new CEO, Khosrowshahi will face a big job, including repairing the company’s internal culture, navigating legal battles, and reducing its financial losses.
Last week, Uber said its sales reached $1.75 billion in the second quarter, up 17% from the previous quarter. While Uber trimmed losses, the company continues to bleed money — $645 million in the quarter ending June 30.
Uber has also faced an executive exodus this year. The company needs a CFO, COO, CMO and president. Other top executives, such as Uber’s first employee and SVP of global operations, have also stepped down recently.
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