Published: Fri, September 01, 2017
Global | By Maureen Mccoy

Expedia CFO Okerstrom takes over as CEO as Khosrowshahi moves to Uber

Expedia CFO Okerstrom takes over as CEO as Khosrowshahi moves to Uber

Ride-hailing app Uber's new CEO Dara Khosrowshahi met the embattled start-up's employees for the first time and said the company needs to change to go to the next level.

Dara Khosrowshahi, who was CEO of Expedia, spoke at Uber's San Francisco headquarters three days after the company's board offered him the job.

Okerstrom's appointment sends a message of continuity to shareholders, who initially sent Expedia's stock lower on reports of Khosrowshahi's departure.

Khosrowshahi once said he didn't think he was a "particularly good CEO."

Uber, the world's most valuable startup, has become nearly as much a part of the lexicon that we often use in conversation as "Googling" something.

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Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with. He introduced Khosrowshahi to employees at an early Wednesday meeting, Bloomberg reported. Though the company has faced a series of sexual harassment allegations and other sexist behavior, Uber's board of directors chose a man to lead the company and turned down Meg Whitman, CEO of Hewlett Packard Enterprise (and other candidates).

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. The former CEO also now controls two other unoccupied board seats, which were granted to him in a 2016 decision that Benchmark is disputing in the suit.

An Uber spokesperson confirmed the probe, saying the company is operating with the DOJ's inquiries. "I've been here at Expedia for so long that I've forgotten what life is like outside this place. but. you have to move out of your comfort zone". "Under Mark's leadership, surrounded by his excellent and tenured executive team, I'm confident we'll continue to grow and prosper". In short, I would assume largely a continuation of the strategic course we have been on. "I'm here, I made the decision, I am all in, and I'm going to fight for you with every bone in my body". Hopefully that will allow me to deserve the same right back from you.

"Daniel Ek looks at me and says, 'Dara, do you want to be happy?"

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