Daily Management Review

Dara Khosrowshahi Is The New Face Of Uber’s C.E.O.


08/28/2017


After careful selection, the board of Uber narrows down its options and takes a step towards mending its image through new leadership.



Dara Khosrowshahi is Uber’s choice as its Chief Executive for its “travel company Expedia Inc”, reported “two sources” of Reuters. As a result, Khosrowshahi will be faced with the “challenge” to lead the “ride-services company out of a nearly year-long crisis”.
 
The new C.E.O of Uber is forty eight year’s old and his ready to “take on the daunting task of mending Uber’s image”, whereby restoring investor and Uber’s relations, re-constructing “employee morale” and finally making a “profitable business after seven years of losses”.
 
Furthermore, Reuters added:
“He would also have to contend with the legacy of Travis Kalanick, Uber’s pugnacious co-founder, who was ousted as CEO in June after shareholders representing about 40 percent of the company’s voting power signed a letter asking him to step down amid growing concern over his behaviour and the behaviour of senior managers under him”.
 
After daily meeting, the board of Directors of Uber selected the C.E.O, while the company chose not to disclose the information “publicly” till it had informed the employees. Other candidates who were also being considered are “Jeff Immelt, chairman of General Electric Co”, and “Meg Whitman, chief executive of Hewlett Packard Enterprise”. Talking about Khosrowshahi, Reuters informed:
“Khosrowshahi, who ran Expedia for 12 years, would bring an end to a company culture built on founder control. Kalanick enjoyed sweeping authority on the board and nearly complete autonomy in running the company, a governance style that often wreaked havoc”.
 
At present, Uber is being run by a committee of thirteen members, while the company continues to grow despite facing controversies.
 
 
References:
reuters.com







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