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Uber confirms Dara Khosrowshahi as CEO

31 August, 2017, 01:07 | Author: Paula Vaughn
  • Dara Khosrowshahi is in at Uber.    
   Scott Olson  Getty

Wednesday's meeting is the first time the former Expedia leader meets the majority of Uber employees.

Former Expedia CEO Dara Khosrowshahi has said he is "scared" about taking on the role as Uber's new boss, in a memo announcing his official appointment to employees. Maybe the mediation pushed by board member Arianna Huffington is finally working, because many report that he seems resolved to help Khosrowshahi rather than hinder him.

Kalanick - who has undergone his share of trouble (and also personal tragedy) this year - will also address the crowd gathered at Uber's Market Street headquarters, as well as employees who will be dialing in from all over the world. As the court recognized, this is a bilateral dispute between Benchmark and Travis Kalanick.

The lookout for the next Uber CEO ever since Travis Kalanick stepped down has finally comes to an end. Khosrowshahi accepted the job offer on Tuesday and he will now set about hiring new execs and trying to mend fences with Kalanick and the rest of the board. I've been here at Expedia for so long that I've forgotten what life is like outside this place. Uber now has vacancies for several key positions including a CFO (officially), chief operating officer, chief marketing officer, general counsel and senior vice president of engineering. Kalanick remains on Uber's board, which has been riven with discord, especially between Kalanick and venture capital firm Benchmark, which is a major Uber shareholder, with a seat on Uber's board.

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The ban was lifted early after the company paid a penalty of 190 million Philippine pesos (£2.88m; $3.72m).

People who have worked with Mr Khosrowshahi said he evolved from being a tough deal-maker at investment bank Allen & Co into a well-rounded executive who still loves the deal but can also make peace with government regulators and compromise where needed - both skills required by Uber.

Worth noting, it was just weeks back that Kalanick came under a lot of fire after being accused of not complying with the terms agreed upon during the time of his ouster as Uber CEO. Years of disregard for rules and regulations left Uber grappling with a wide-ranging sexual-harassment and workplace culture scandal, as well as a massive lawsuit from the Alphabet-owned driverless auto company Waymo.



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