- September 1, 2017
- 2 minute read
Uber Hires Dara Khosrowshahi
Khosrowshahi held the position of Expedia CEO for the last twelve years until this week. He takes over the position after the Travis Kalanick resigned in June. Kalanick was under pressure from some major investors after evidence showing a company culture particularly hostile towards women. In the company’s press release Uber wrote, “we’re really fortunate to gain a leader with Dara’s experience, talent and vision.”
Khosrowshahi is forty-eight years old and came to America at the age of nine. Khosrowshahi’s family escaped Iran on the eve of the Iranian Revolution. He graduated from Brown University in 1991 with a Bachelor of Science in electrical engineering. He spent seven years at the investment bank Allen & Co. Khosrowshahi also served as Chief Financial Officer of IAC and in various operational and strategic roles. In the world of tech, however, Khosrowshahi is a relative unknown.
The company’s board had worked to create a list of potential candidates with Heidrick & Struggles, the executive search firm. General Electric chairman Jeff Immelt and Hewlett Packard Enterprise CEO Meg Whitman was in consideration for the position by Uber’s board of directors.
What’s Next of Uber
Uber wrote, “the Board and the Executive Leadership Team are confident that Dara is the best person to lead Uber into the future building world-class products, transforming cities, and adding value to the lives of drivers and riders around the world while continuously improving our culture and making Uber the best place to work.”
Khosrowshahi ends a successful stint at Expedia. Expedia employs over 20,000 people and operates more than 150 travel sites. The company’s bookings have gone from $15 billion in 2005 to $72 billion in 2016. The hiring is hoped to instill confidence within the company after months of turmoil.
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