GTB 737 banner Yudala banner

Uber gets new CEO

By Barry Eitel, San Francisco on 30/08/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 274

•Uber’s new CEO Dara Khosrowshashi
•Uber’s new CEO Dara Khosrowshashi

Dara Khosrowshashi, currently chief executive of online travel service Expedia, confirmed Tuesday he would accept the CEO position at Uber.

Khosrowshashi announced his intention to take the helm of the San Francisco-based transportation company in interviews with both the Wall Street Journal and Bloomberg. Uber’s board of directors unanimously voted Sunday night to hire Khosrowshashi, but he said he could not comment immediately on his acceptance because Expedia is a publicly traded company.

Uber selected Khosrowshashi, who immigrated to the United States from Iran as a child, over General Electric CEO Jeff Immelt and Hewlett-Packard CEO Meg Whitman.

In comments to the Wall Street Journal, he described the job as a “once in a lifetime” opportunity.

For most of 2017, Uber has been roiled in scandals related to executives’ alleged support of the administration of President Donald Trump and charges of rampant sexual harassment at the company’s headquarters. Uber’s embattled co-founder and former CEO Travis Kalanick left the company in June amid the criticisms launched at Uber.

But Kalanick remains on Uber’s board and owns a controlling amount of the company’s shares. He is currently being sued by another member of Uber’s board, venture capital firm Benchmark Capital Partners, who are accusing him of fraud.

A spokesperson for Kalanick dismissed the claims in a statement, saying the lawsuit was without merit and “riddled with lies,” the Los Angeles Times reported.

Khosrowshashi said Kalanick would continue in some form with the company but that their new relationship is still “budding.”

“I think there’s mutual respect there,” he added.

Uber is currently the most valuable private company in the world, and many investors hope Khosrowshashi will take it public.

Although Uber has been reducing losses for the past several fiscal quarters, it lost $645 million on revenue of $1.75 billion during the second quarter of this year.

Shares of Expedia dipped Monday following the news of Uber’s job offer to Khosrowshashi but rebounded slightly a day later, closing up about 1 percent at $143.99. (Anadolu Agency)

Source News Express

Posted 30/08/2017 1:28:53 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
France to assist Nigeria overcome Boko Haram: Envoy...

Okowa inaugurates advisory/peace building council

EFCC quizzes ex-Immigration boss

AFRICA’S FUTURE IS BRIGHT

12 Nigerian gays land in court (11 before...

Femi Kuti returns 2 children after discovering he's...

Children hardest hit by Boko Haram war in...

Military, Presidential Committee on Arms Proliferation partner to...

Kaduna’ll experience Kano’s development under El-Rufai, says Bantex...

UNN, Niger Delta students emerge top winners of...

11 secondary school students arrested for cultism

Rivers, Ebonyi, Kaduna, Lagos top anti-corruption chart

 

Latest News IPOB not a terrorist group — U.S. Government Troops, NDLEA operatives raid, recover arms from suspected drug baron in Abia Borno Governor redeploys 41 permanent secretaries IG warns new recruits against corruption APC endorses Buhari, Masari for 2019 FG vows to tackle electricity supply challenges NPA directs road contractor to improve performance Rivers APC dismisses Ikanya’s alleged suspension Ghanaian subsidiaries of Tigo, Bharti Airtel cleared for potential merger Rains likely today over Abakaliki, Port Harcourt, Calabar, Eket, Enugu, Obudu and Ikom WAFU Cup Final: Dalung leads delegation to Ghana It’s too late to actualise Biafra — Igbo member of Lagos State House of Assembly

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (279,213 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (260,974 views) Shameless Genevieve Nnaji exposes breasts in public (211,878 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (178,077 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (176,924 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (158,740 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (136,963 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (126,881 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (120,549 views) Lagos plane crash: Journalist releases victims’ names (111,324 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (110,486 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (102,896 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (28) Business (2,695) Business Verdict (22) Columnists (745) Complaints & Requests (93) Enterprise & Opportunities (178) Entertainment (378) Features (489) Global Business Monitor (178) International (1,545) Interviews (130) Live Commentary (28) Love Matters (73) News (28,648) Opinion (809) Pidgin (8) Politics (3,939) Religion (627) Sports (1,324) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Manchester United vs Everton 4-0 All Goals & Extended Highlights

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!