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







Science & Technology

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste