Uber officially announces Dara Khosrowshahi as its new CEO

Driverless Uber gets driver at last, Expedia's boss Dara Khosrowshahi

Khosrowshahi will face challenges including conflicts with regulators and taxi operators, a cut-throat company culture, and board members feuding with investors over Kalanick.

Besides managing Uber's legal and regulatory woes, Khosrowshahi has a significant to-do list: hire a number of top executives including a chief financial officer, mend employee morale, fight off an emboldened competitor in Lyft Inc., negotiate a multibillion-share purchase with SoftBank Group Corp., navigate an ongoing board feud and stymie losses that totaled $645 million in the second quarter of this year.

It's official. The former CEO of Expedia has begun his job as the new Uber CEO, and he knows it's not an easy job.

"Casting a vote for the next chief executive of Uber was a big moment for me and I couldn't be happier to pass the torch to such an inspiring leader". "The Board and the Executive Leadership Team are confident that Dara is the best person to lead Uber into the future building world-class products, transforming cities, and adding value to the lives of drivers and riders around the world while continuously improving our culture and making Uber the best place to work".

But Uber's future became murkier this year when the company was pummelled by scandal after scandal, including sexual harassment accusations in the workplace, a Department of Justice criminal investigation into some of its methods, and an intellectual property dispute with a self-driving vehicle rival.

The public revelation that HPE boss Meg Whitman was in the running for the Uber CEO job means her tenure at the vendor will soon end, one analyst suggests.

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As CEO of Expedia, Khosrowshahi had been credited with expanding the USA -based travel company's global presence through several online travel booking brands, which include Expedia.com, Hotels.com and Hotwire.

Uber Technologies is pulling a heavily criticised feature from its app that allowed it to track passengers for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy. Uber had been searching for a replacement since then, as news piled up of infighting on the board. During his 12 years as Expedia's chief executive, he grew the business from $2.1 billion in annual revenues on $15 billion in gross bookings in 2005 to $8.7 billion in annual revenues on $72.4 billion in gross bookings in 2016.

Khosrowshahi was nine years old when he and his family immigrated to the United States on the eve of the Iranian Revolution, according to Uber.

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

"I've been here at Expedia for so long that I've forgotten what life is outside of this place". And he'll spend time meeting with drivers.

Please join us in welcoming Dara on what promises to be an exciting ride!

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