Kalanick cries his eyes out as he introduces new Uber chief

Posted September 01, 2017

On Tuesday, Uber announced it had enticed away Dara Khosrowshahi, CEO of travel services company Expedia, to become its new leader after a company-wide sexual harassment scandal became the last straw that forced Kalanick out of the corner office.

"He's adult enough to face the cultural issues at Uber, and he's not stodgy or from a legacy technology company", said Henry Harteveldt, a travel industry analyst at Atmosphere Research who has followed Khosrowshahi's career at Expedia.

Khosrowshahi, who has been the CEO of public company for over 10 years, should begin to clean up Uber's culture and try save it from itself, if he can get aligned with Kalanick, who still is among the controlling shareholders.

Okerstrom has been Khosrowshahi's second in command since 2011.

"There's probably ways we can work much more closely together than we ever have before", he said.

A DE judge on Wednesday told former Uber Technologies chief executive Travis Kalanick and one of the company's largest investors to hash out their differences behind closed doors, sending a lawsuit against the tech billionaire to arbitration.

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Uber officially has a new CEO and he's meeting employees Wednesday. "Prior to Dara leaving, Mark Okerstrom was his principal partner in operating the company - and therefore this transition is as natural as water flowing down a snow-packed mountain".

Uber has been without a chief financial officer since 2015 and the company's head of finance left the company at the end of May.

In an email sent to Uber employees on August 29, the board of directors wrote, "We're really fortunate to gain a leader with Dara's experience, talent, and vision".

Khosrowshahi will still have influence at the company through the board seat he's retaining. "The thing I've found in life is that the higher up you get in an organization, the less you know about what's going on because people start holding back". "I'd assume largely a continuation of the course we've been on", he told reporters later on a conference call. "Dara has turned Expedia from a travel agency into a digital powerhouse. And I'm like, 'Well, I sell airline tickets and you can download them onto your phone'".

"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", Mr Kalanick said.