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Dara Khosrowshahi, the new Uber chief

31 August 2017

"We are delighted to announce that Uber's Board has voted unanimously to appoint Dara Khosrowshahi to be our new CEO", Uber executives said in an email sent to employees late Tuesday.

Dara Khosrowshahi said on his role as one of the biggest challenges he has ever faced, one that will force him to function outside of his comfort zone. Okerstrom seems like a natural successor given that he has overseen Expedia during its recent run-up on Wall Street as well as his long tenure at the company.

Mr. Kalanick resigned as chief executive in June amid a series of scandals, including a trade secrets lawsuit filed against Uber by autonomous-car developer Waymo; accusations of a smear campaign against rape victim in India; a federal investigation into a secret software program and accusations of rampant sexism and bullying within the company. It is thought he has since been negotiating his contract, which could worth as much as $200 million, according to figures unearthed by Business Insider.

Some have speculated that Khosrowshahi would be the adult in the room and play it safe at Uber as he readies the company to go public.

"We're really fortunate to gain a leader with Dara's experience, talent and vision", Uber said in the message to employees.

Expedia works with auto rental companies, for instance; Uber has a deal with Hertz, and there's a potential for rental auto companies to play a bigger role in managing autonomous vehicles in the future.

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This should also mark the end of the big mess that the Uber board got reduced to following the ouster of founder and ex-CEO Travis Kalanick. Uber denies the allegations.

I have to tell you that I'm scared. He took over Expedia in 2005 and became the highest-paid CEO in 2015 when the global travel aggregator awarded him a $94.6 million salary for signing a long-term agreement. Khosrowshahi has also sat on the board of the New York Times since 2015. Reports that the former Expedia boss had accepted the role surfaced earlier this week.

"I keep waiting for the moment when our Prez will rise to the expectations of his office and he fails, repeatedly", Khosrowshahi said in the tweet, which included a link to a story about the Trump controversy.

Mr Khosrowshahi was the dark-horse candidate, and his name did not appear in public, while other high-profile candidates such as Hewlett Packard Enterprise's Meg Whitman and General Electric chairman Jeffrey Immelt were known to be in the running for the job.

"I have decided not to pursue a leadership position at Uber".

Dara Khosrowshahi, the new Uber chief