Uber’s long search appears to be over after parting ways with former CEO and co-founder Travis Kalanick. The board wants Dara Khosrowshahi, CEO of travel giant Expedia, to lead the future of the transportation start-up turned colossus.
Khosrowshahi was third on Uber’s list, according to reports. Meg Whitman was the board’s first choice, the former CEO of Ebay and current head of HP Enterprise. Ms. Whitman emphatically stated numerous times that she was not interested in the job.
Departing CEO of General Electric, Jeff Immelt, was also considered, but he too dropped out of consideration.
Uber confirmed the hire of Khosrowshahi, but will not make the appointment official until they let the employees know first. Khosrowshahi, an Iranian-born banker at Allen & CO, served as chief financial officer of Barry Diller’s Interactive Corp and has been CEO of Expedia, the leading online travel company in the United States, for the past 12 years.
He currently lives in Seattle, the same place where the headquarters of Microsoft and Amazon are. In 2015, The Wall Street Journal put Khosrowshahi at the top of the list of top-paying managers in the US with $94.6 million thanks to a generous stock package. He also serves on the board of The New York Times .
Uber is hoping to leave behind the successive scandals that have prevented its evolution from start-up to respected giant, with cases of sexual and labor harassment dogging the company in addition to accusations of patent theft from Google.
Uber reported revenue of $6.5 billion last year and is operating in 674 cities and 83 countries around the world. Its market share in the United States is 77%, although it has been losing ground to rival Lyft in recent months. In its most recent funding round, Uber was valued at $69 billion.