Expedia picks CFO Okerstrom to replace Khosrowshahi as CEO

Iranian-Americans and tech A love story

"Uber is a company that is redefining the transportation industry on a global basis; to be part of that story is something that is interesting and would be a real privilege", said Khosrowshahi. "What got us here is not what's going to get us to the next level", according to the Uber Comms Twitter account.

Uber has finally decided on Dara Khosrowshahi as its new leader. Khosrowshahi will replace Travis Kalanick, who resigned as Uber CEO in June after a string of embarrassing scandals in 2017 prompted investors to pressure the founder to step down. He previously served as IAC Travel's CEO, as well as IAC's chief financial officer.

His family immigrated to the United States prior to the Iranian Revolution in 1978.

He is described by those who know him as a friendly and steady hand, savvy businessman and calming influence in situations of chaos. To top it off, numerous executive ranks sit empty; there's no chief financial officer, no chief marketing officer and no general counsel.

Khosrowshahi proposed to his wife, Sydney, during a visit to Angkor Wat temples in Cambodia, and they have four children, according to Uber.

Dara Khosrowshahi said on his role as one of the biggest challenges he has ever faced, one that will force him to function outside of his comfort zone.

Under his watch, Expedia has become the largest online travel agency by bookings, making a number of strategic acquisitions to build a travel empire and more than doubling its revenue in four years. "I have to tell you I am scared". Among other allegations, Benchmark accused Kalanick of trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO".

Microsoft kills Xbox One, pushes Xbox One S, Xbox One X
The Xbox One was succeeded by the Xbox One S , a smaller, sleeker, cheaper and all around much better machine. Microsoft has confirmed that production of the original Xbox One model is officially over.

Civil Rights Organizations File Lawsuits Against Trump's Transgender Military Ban
One complaint was filed in federal court in Seattle by Lambda Legal and the LGBT military group OutServe-SLDN. The second was filed in Maryland by the ACLU of Maryland on behalf of six transgender service members.

Qatar Chumming Up With Iran to Create a New Block Against Saudis?
One of those demands was that Qatar further downgrade ties with Iran. Attempts by Kuwait, the USA and others have failed to make headway.

But the firm and its board had not spoken publicly on the decision until Tuesday evening Pacific Time, as contract negotiations were ongoing.

In a memo to Uber's employees, Uber's board said, "We're really fortunate to gain a leader with Dara's experience, talent, and vision".

"We are grateful for all the support of riders and drivers over the past few weeks", the company added.

And chaos certainly awaits him at Uber.

The ride-hailing company made the announcement late on Tuesday, confirming media reports, as well as comments he made to the press.

At his maiden meeting with Uber employees, Khosrowshahi reportedly said Uber could execute an IPO within 18 months.

Uber Backer Defends Kalanick Against "Sanctimonious Hypocrites" Benchmark, which holds a 13 percent stake in Uber, sued Kalanick Aug. 10, saying he misled the firm about his performance as chief executive and the reasons behind his request to expand the company's board from eight to 11 seats.

Related news:

Hot News

isis-killer-beheading-video-story-top Samsung Launches New Gear IconX Earbuds With Improved Design
Aug 31, 2017 - 01:21
Away from fitness, these buds are also Bixby-friendly so you can tap and hold one earbud to use your voice to control your music. All of them are the natural evolution of Samsung's wearable lineup, now revolving around a common theme of fitness.

isis-killer-beheading-video-story-top Ford and Domino's team up for self-driving pizza deliveries
Aug 30, 2017 - 01:43
If the handoff with a customer is one challenge, so is figuring out what to do with an idled vehicle while the delivery is made. Domino's Pizza was founded in 1960, with the establishment of two restaurants in Ann Arbor and Ypsilanti.

isis-killer-beheading-video-story-top Jeff Immelt Pulls Out of Running for Uber CEO
Aug 30, 2017 - 01:42
In recent months, the company faced negative attention regarding its work culture, which has been linked to Kalanick's leadership. As Business Insider and other news outlets have reported , Uber's board has been meeting since Friday to try and pick a new CEO.

isis-killer-beheading-video-story-top Matthew Stafford Signs Big Deal with Lions
Aug 30, 2017 - 01:41
According to several media reports, Detroit Lions' quarterback Matthew Stafford has become the highest paid player in the NFL . He holds every franchise passing record, and if you are talking about pure arm talent, he's top-1o on everybody's list.

isis-killer-beheading-video-story-top Baltimore's Gervonta Davis Knocks Out Francisco Fonseca
Aug 29, 2017 - 00:19
It was a weird performance for Davis, who hadn't done that much showboating or fought as sloppy in the ring in his past fights. In the seventh round, Davis' feet got tangled with Fonseca's leg and that allowed Fonseca to land a meaningful left hand.

isis-killer-beheading-video-story-top Sarahah app uploads your address book without your knowledge
Aug 29, 2017 - 00:15
However, if you don't want that, you have the option to prevent the app from accessing your phone contacts and still use it. When first launched, this app harvests and uploads all phone numbers and email addresses in your address book.

isis-killer-beheading-video-story-top TTV Dhinakaran: 'Only me or Sasikala deserve to be Tamil Nadu CM'
Aug 28, 2017 - 00:37
Dhinakaran would form a coalition government in Tamil Nadu, he said he did not wish to comment on it. Reacting to BJP leader Subramanian Swamy's remark that DMK working president M.K.

Labour's Brexit policy shifts towards transitional deal
Aug 28, 2017 - 00:35
Shadow Brexit secretary Sir Keir Starmer said it would be "as short as possible, but as long as is necessary". First Minister Nicola Sturgeon has given a cautious welcome to a change of emphasis from Labour on Brexit.

Opinions divided on Sharapova as Slam return looms
Aug 28, 2017 - 00:33
To me, she's made some really good strides, although she is still a little mechanical at times. "If not, no, we will see". The day before beating Cilic in the Wimbledon final, Federer sat down with Luthi to discuss preparation for the U.S.

isis-killer-beheading-video-story-top Hurricane Harvey leaves thousands of cruisers, crew out to sea
Aug 27, 2017 - 00:16
But because of Harvey, her cruise ship is staying for an extra day in Cozumel, the island off the coast of Mexico, she told CNN. It plans to leave for Galveston on Saturday to be in position to debark guests when the port reopens, the spokesperson said.

isis-killer-beheading-video-story-top Trump punishes Maduro government with financial sanctions
Aug 26, 2017 - 01:02
Friday's financial bans are the fifth round of USA sanctions to hit Venezuela since the start of the year. It added that it would also "protect the U.S financial system from complicity in Venezuela's corruption".

isis-killer-beheading-video-story-top Ram Rahim guilty of rape, sentencing on Monday
Aug 26, 2017 - 01:01
Maharaj added that if the situation worsens, it should not be the state but the court that is held responsible for more violence. A curfew has been imposed in Patiala, Panchkula, Sirsa, Bhatinda, Ferozpur, Sirsa and Mansa, according to The Quint .

isis-killer-beheading-video-story-top Cohn Says Trump To Launch Major Push On Tax Reform Next Week
Aug 26, 2017 - 00:59
But I also feel compelled to voice my distress over the events of the last two weeks. He said he would not be bullied by hate groups into quitting.

isis-killer-beheading-video-story-top Star Wars toy launch to unveil new 'Last Jedi' character
Aug 25, 2017 - 00:40
The Resistance will have to go up against the First Order's more risky AT-ATs and warships in The Last Jedi . Each graphic reveals a different AR character experience every day from September 1-3.

isis-killer-beheading-video-story-top Tigers get hammered at home again by Yankees
Aug 25, 2017 - 00:39
It's beyond crowded in the American League wild-card race, with eight teams bunched up like flowers in an overflowing vase. Severino struck out eight over six-and-two-thirds innings of one-run ball to improve to 11-and-5.