The New Boss at Uber Is Former Expedia Chief Dara Khosrowshahi
The company’s final selection of Khosrowshahi follows a weekend-long series of board meetings. The Expedia CEO emerged as Uber’s preferred candidate over two others. The other two finalists included Jeffrey R. Immelt, the former chief of General Electric, who withdrew from contention on Sunday, and Meg Whitman, the chief of Hewlett Packard Enterprise. However, Whitman and the Uber board could not agree on the terms in which she would eventually take over. Ultimately, the board chose its third candidate, Khosrowshahi.
Since Uber’s co-founder and CEO Travis Kalanick resigned in June, the company has been trying to rebuild after a series of events that tainted its public image. Multiple scandals resulted in the company losing many of its top executives; in January, more than 200,000 users deleted the app. Claims of sexual harassment at the corporate level and shady business practices left many questioning what the future of Uber would look like. In a letter sent in June and obtained by The New York Times, titled “Moving Uber Forward,” major Uber investors requested Kalanick’s resignation, recognizing Uber needed a change in leadership.
Khosrowshahi has been the president and CEO of Expedia since 2005. He expanded its reach with takeovers of Orbitz and HomeAway. Plus, he has experience in running a digital company. At Uber, Khosrowshahi will have to bring back the confidence of board members, employees and customers, fixing the issues that have led to Kalanick’s resignation.
Since the news broke on Sunday evening, neither Uber nor Expedia have commented on the appointment of Khosrowshahi.
With Khosrowshahi at the helm — there is no starting date set yet, and the companies have not made a formal announcement of his hiring — Uber may be able to make improvements for its customers and employees. TPG himself hopes to see smarter expansion from Uber, including less aggressive practices toward its competitors and better pay for drivers. Khosrowshai may also oversee Uber’s continued expansion beyond just cars such as UberBoat in Croatia.
Featured image by Drew Angerer via Getty Images.
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.