After a long search and turbulent walk without a head, Uber’s board has finally settled on Kalanick’s successor. The company has been in the lime light for all the wrong reasons, from sexual harassment accusations to board members suing other board members. Well, at least this time, the headlines are in favour of Uber.
A little backstory, before the board settles on Dara Khosrowshahi, who is currently serving as Expedia’s CEO, there were three official finalists; Jeffrey R. Immelt, former CEO of General Electric, Meg Whitman, CEO of Hewlett Packard Enterprise and Dara Khosrowshahi. Jeffrey Immelt withdrew from consideration on Sunday, August 27, after he got tips that he did not have enough support within the board.
It has been revealed that the Board was leaning towards HP’s Meg Whitman, but apparently, that fell through as well after terms of her appointment could not be agreed upon, leaving Mr Khosrowshahi to take up as the new chief of Uber.
Dara Khosrowshahi has served as Expedia’s CEO since 2005, before that he served in various executive roles with IAC (InterActiveCorp) and has also been an investment banker with Allen & Co. He currently sits on the boards of Fanatics and The New York Times Co.
Uber’s woes are not yet over. The company still needs to find a new chief financial officer, chief operating officer and global head of operations. Oh, they also need one independent board member. So, the midnight oil will continue to burn in Uber’s board rooms.