Uber picks CE to drive it out of crisis
Ride-services company is said to have chosen Dara Khosrowshahi, the CE of travel company Expedia
San Francisco — Uber Technologies chose Dara Khosrowshahi, the CE of travel company Expedia, as its CE on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi would take on the daunting task of mending Uber’s image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. In Khosrowshahi, Uber’s board has picked an executive with a track record of driving growth while also delivering profits — precisely what the unprofitable Uber needs to satisfy investors. He has also proven capable of making Expedia the leader in another industry full of change and competition — online travel. But he would also have to contend with the legacy of Travis Kalanick, Uber’s pugnacious co-founder, who was ousted as CEO in June after shareholders representing about 40% of the company’s voting power signed a le...
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