In a surprising move the $60 valued privately-held tech firm has decided to name Dara Khosrowshahi as its new CEO, instead of a tech celebrity. What do we know about Uber new CEO Dara Khosrowshahi, does he has a proven track record of success?
28 August, AtoZForex – Uber has offered its CEO position to Dara Khosrowshahi, ending the turbulent search of the ride-hailing firm. The firm that even indirectly affected the US banks, has been unstable for months due to the internal conflicts at board level. The Iranian US citizen is the CEO of the travel firm Expedia, and he still has to accept the job offer.
According to anonymous sources of the NY times, Uber’s management had selected three finalists out of which Dara Khosowshahi has been picked. The other two finalists were Jeffrey R. Immelt, the ex chief of GE and Meg Whitman, Hewlett Packard Enterprise’s chief.
5 Facts about Uber New CEO Dara Khosrowshahi
The primary goal of Uber new CEO Dara Khosrowshahi is clear, he will need to return stability to the world’s largest ride-hailing firm. Uber has been without a CEO ever since Travid Kalanick stepped down on the 20th of June. Reportedly, Travis Kalanick stepped down under pressure, but he has remained as a member of Uber’s board.
Now the impact of Dara Khosrowshahi on the current state of affair at Uber is still unpredictable. Yet, we can look into Uber’s new CEO proven track record and qualities. In order to understand why he is deemed to lead Uber past the current management crisis.
1. Uber new CEO tech background
Dara Khosrowshahi, who is 48 years of age and was born in Iran. He came to the US as a kid and grew up in New York State. Becoming a US citizen, he enjoyed his education in the US and graduated with a degree in electrical engineering from Brown University. From there onwards, Khosrowshahi spent his tech career in Seattle's tech scene, a rival of Silicon Valley. Although the latter powerhouse is more popular worldwide, Seattle’s tech scene is not one to neglect.
2. Dara Khosrowshahi leadership reputation
He has proven to be a good leader, in the 12 years of tenure as the CEO of Expedia. A travel company based in Washington. During his leadership he has grown Expedia’s revenues from $2.1 billion to $8.7 billion, between 2005 till 2016. Under his lead, Expedia became one of the largest online travel agencies. The firm expanded its business and at this moment owns the subsidiaries Hotels.com, Trivago, Orbitz, HomeAway and Travelocity.
3. Uber CEO’s Finance and Banking Experience
Before taking the leadership role at Expedia, Dara Khosrowshahi worked in the financial markets for the investment bank Allen & Co. He spent seven years working at Allen & Co. Whereafter, the moved to the internet and media conglomerate IAC as their CFO. It was IAC that acquired Expedia back in 2003, and in 2005 it came in the hands of Dara Khosrowshahi.
4. Dara Khosrowshahi beliefs in technology and innovation
The new CEO of Uber does not only has a tech background, he is also a strong promoter and believer of new technology developments that will change the world as we know it. In one of his projects, he developed a voice search system. When the Financial Times interviewed him, Dara said the he envisions on one day people can book their travels entirely through voice.
5. Uber’s new CEO outspoken character
Dara Khosrowshahi is not afraid to speak out about politics. He spoke against Donald Trump, criticizing how Trump’s immigration policies affected the travel industry. Also, after what happened Charlottesville, Dara Khosrowshahi tweeted: "I keep waiting for the moment when our Prez will rise to the expectations of his office and he fails, repeatedly.”
Do you think Dara Khosrowshahi got what it takes to lead Uber? Let us know in a comment below.