New Uber CEO Named
Global taxi hailing giant, Uber, has chosen the Chief Executive Officer of American travel company, Expedia, Dara Khosrowshahi to be its CEO.
Uber has officially offered Khosrowshahi the job to replace the former co-founder CEO Travis Kalanick, who was ousted recently by shareholders.
New York Times reports that Khosrowshahi emerged as the preferred choice among three finalists for the job during the company’s board meetings over the weekend.
CEO of Hewlett-Packard Enterprise, Meg Whitman had been seen as the favourite, according to several media outlets, but the Times said the situation changed on Sunday in Khosrowshahi's favour.
So, who is Dara Khosrowshahi?
According to TechCrunch, Khosrowshahi was born in Iran in 1969, but he emigrated to the U.S. as a child in 1978 following the Iranian Revolution.
His father was detained by Iranian authorities for six years after he returned to the country to look after his father when Khosrowshahi was aged 13.
Khosrowshahi grew up in the New York State area with his mother and two brothers.
After graduating with an electrical engineering degree from Browns University, Khosrowshahi joined Allen and Co as an analyst in 1991.
His move into travel came when he joined USA Networks (now IAC) in 1998 and the company went on to acquire a majority stake in Expedia, then a subsidiary of Microsoft, in 2001 at a valuation of around $2 billion.
Khosrowshahi took the reins of Expedia in 2005, when it was spun out from IAC, where he had previously led its travel business unit. Under his leadership, Expedia has grown to a $23 billion giant with a presence across the world. Revenue has jumped from $2.1 billion in 2005 to $8.7 billion in 2016.
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