Dara Khosrowshahi Appointed as the New CEO of Uber Technologies

Dara Khosrowshahi was on Sunday appointed as the new Chief Executive Officer (CEO) of Uber Technologies Inc.

Khosrowshahi will be replacing Travis Kalanick, who resigned as the CEO of the company in June following pressure from shareholders.

The move comes after the company went through a turbulent search for a new leader for the ride hailing giant

According to sources, the decision was made by Uber’s board late on Sunday, though the company had not yet made an official announcement on the matter.

The firm is battling to repair its image after a series of scandals.

Several big names – including Hewlett Packard boss Meg Whitman and General Electric chairman Jeff Immelt – had been touted for the role.

Khosrowshahi, 48, has been CEO of Expedia for 12 years and during that time Expedia’s revenues grew from $2.1 billion in 2005 to $8.7 billion in 2016. He turned Expedia into the biggest online travel agency in the US, owning travel sites like Hotels.com, Orbitz, Trivago, HomeAway, Travelocity as well as sites for vacation rentals, car rentals and so on. When the 2008 financial meltdown hit the company hard, he reorganized and doubled down on technology.

Prior to running Expedia, he was the CFO at IAC. IAC bought Expedia in 2003, then spun it out in 2005.