Uber's new CEO: 'This company has to change'

31 August, 2017, 00:38 | Author: Essie Rivera
  • Driverless Uber gets driver at last, Expedia's boss Dara Khosrowshahi

In a joint statement, the board reiterated that Khosrowshahi had received unanimous support, and welcomed him to the role.

This should also mark the end of the big mess that the Uber board got reduced to following the ouster of founder and ex-CEO Travis Kalanick. Benchmark is trying to prevent him from filling the two other seats.

Expedia, along with Amazon, became one of two technology companies to contribute early declarations to a lawsuit filed by Washington State's attorney general objecting to the travel ban. Uber is also the subject of a USA probe into its use of software to deceive law enforcement officials, a program known as Greyball. He has also been sued by Benchmark Capital, one of the biggest investors at the vehicle rental firm for using his leverage at the board to chart his return as the chief executive of the company again.

We're really fortunate to gain a leader with Dara's experience, talent and vision.

Dara Khosrowshahi, the chief executive hired to restore confidence in the troubled taxi hailing company Uber, could not be more different to the man he replaces.

"We have no indication he is leaving Expedia", said Dave McNamee, a spokesman for Expedia.

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Whoever takes charge at Uber will face challenges including conflicts with regulators and taxi operators, a cut-throat company culture and board members feuding with investors over Kalanick. Expedia didn't immediately respond to media requests for comment. Kalanick is fighting back with claims that Benchmark pressured and threatened him into resigning as chief executive officer in June.

The Benchmark lawsuit filed in a DE court accused Kalanick of fraud, breach of contract and of plotting to manipulate the board of directors to allow him to return as CEO following his resignation in June.

Recode reported Monday night that Khosrowshahi had issued a memo to employees at Expedia, where he has been CEO for over 12 years, saying that this had been "one of the toughest decisions of my life". The company hasn't yet publicly announced that Khosrowshahi has the job as final details are hammered out.

Uber's board of directors interviewed dozens of potential candidates and narrowed the search to three people, according to a person with knowledge of the matter.

"Desperation sometimes drives innovation", he told the publication. Uber recently agreed to privacy audits after settling a Federal Trade Commission investigation into its security practices. She left as a result of this acquisition, receiving a $186 million payout in the process, and now is reportedly looking for her next role at a company as the CEO.

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