March 21 2018

Uber picks Expedia CEO as its next head

March 21 2018, 12:49 | Van Peters

Uber picks Expedia CEO as its next head

Uber picks Expedia CEO as its next head

After a long search for the new CEO of ride-hailing firm and the world's most well-funded startup Uber, the board has finally voted in favour of Expedia CEO Dara Khosrowshahi to take up the position, according to a Recode report. Uber does not require a P Endorsement as part of its recruitment process and refused to tell NBR how many of its drivers had the qualification.

Recode also reported that Whitman wants "wide latitude to appointment management and rethink the structure of the business". Kalanick had vouched for Immelt, while Benchmark wanted Whitman.

The decision comes over two months after Travis Kalanick stepped down from the position. The legal salvo led to the divide between the board and shareholders. "And we will be able to answer any question about travel".

Immelt, the former chief executive of General Electric, was one of those candidates.

The Times adds, "the board had been leaning toward" Whitman, the other remaining candidate, their sources said.

According to sources, the proposal which may give the benefit in the form of a discount or cash-back is being discussed between the finance ministry, RBI, cabinet secretariat and ministry of electronics and IT.

What role Kalanick has in Uber going forward remains unclear.

Uber and the board did not immediately respond to a request for comment. And a divided board shifted between Whitman and Khosrowshahi throughout the weekend, the people said, who spoke on condition of anonymity to discuss private meetings.

The ride-hailing company's board is planning to vote on the choice in the next few hours, the people said.

Khosrowshahi has been president and chief executive of Expedia since 2005. Chief Executive Dara Khosrowshahi as its new CEO after Travis Kalanick resigned in late June.

The company's problems started snowballing in February when former Uber engineer Susan Fowler wrote a blog post titled "Reflecting on One Very, Very Strange Year at Uber". Kalanick enjoyed sweeping authority on the board and almost complete autonomy in running the company, a governance style that often wreaked havoc.

Despite the controversies, Uber is still a growing company. The travel company in 2015 awarded him compensation valued at almost $95 million over five years, though he would have needed to meet several aggressive performance targets each year to collect it all.

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