San Francisco Business Times/Alisha Green: Uber board selects Expedia CEO to lead company

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Uber board selects Expedia CEO to lead company
Aug 27, 2017, 12:26pm PDT Updated Aug 27, 2017, 6:42pm PDT

By Alisha Green Reporter San Francisco Business Times



Uber Technologies Inc.'s board voted in Expedia CEO Dara Khosrowshahi as the ride-hailing company's next CEO on Sunday.

Khosrowshahi was one of three finalists at the weekend board meeting, according to a report in The New York Times citing two people familiar with the matter.

Hewlett-Packard Enterprise Co. CEO Meg Whitman and General Electric's current Chairman Jeff Immelt were the two other finalists. Immelt pulled out on Sunday, writing in a tweet that he "decided not to pursue a leadership position at Uber."

Uber didn't immediately respond to a request for comment.
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Khosrowshahi has been CEO of travel-booking giant Expedia since 2005. Before that, he was chief financial officer of IAC from 1998 to 2005. He has a bachelor’s of science degree in electrical and electronics engineering from Brown University.

Originally known for being a ruthless dealmaker, he has evolved into an approachable leader who fosters a culture of collaboration and transparency.

He grew Expedia to employ more than 18,000 people. Under his leadership, Expedia acquired competitors including Orbitz, Travelocity, and HomeAway in 2015.

As Uber's new CEO he will face a range of challenges, including infighting and lawsuits among the board, a reported Justice Department investigation into a covert software program it created to thwart law enforcement authorities and regulators, and an ongoing legal battle with Google’s self-driving vehicle unit Waymo over alleged trade secret theft.

San Francisco-based ride-hailing giant Uber has been without a CEO since June, when Travis Kalanick was forced out by investor pressure, generated in part by Benchmark Capital. The company has had a year of turmoil, including allegations of pervasive sexual harassment and an exodus of much of its executive suite. Uber is currently being run by a group of people who had reported directly to Kalanick.

On Thursday, the Business Times first reported that Uber is trying to sell the downtown Oakland landmark Sears Building, which it had acquired for $123.5 million in 2015 from developer Lane Partners with the original plan of having thousands of employees there. A source with knowledge of the transaction said the proposed sale of the redeveloped building was in preparation for Uber's initial public offering, although no timetable had been set.
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