Tuesday, August 29, 2017

Expedia CEO Dara Khosrowshahi will be offered the job as Uber’s new CEO

The “truce” choice is likely to take it — though no one from the board of the car-hailing company has told him as yet!


Dara Khosrowshahi is the pick.
Drew Angerer / Getty
The board of Uber has voted and wants Expedia Dara Khosrowshahi to be its next CEO. But here is a shocking twist for those who have had to endure this awful, messy and convoluted process: He has not been officially offered the job as of 15 minutes ago, said sources.
Still, most expect him to take it and he appears to be the one person dueling factions of the board can agree on. Unknown until now, Khosrowshahi was the third candidate — after Hewlett Packard Enterprise CEO Meg Whitman and former General Electric CEO Jeff Immelt.
Khosrowshahi is considered the “truce” choice for the board, which has been riven by ugly infighting between ousted CEO Travis Kalanick and one of its major investors, Benchmark. Benchmark had backed Whitman, while Kalanick had backed Immelt.
Sources said that going into this morning, after Immelt withdrew his name from contention when it was clear he would not win the job, Whitman had the upper hand in the race for the job. But she also wanted a number of things — including less involvement by ousted Uber CEO Travis Kalanick and more board control — that became too problematic for the directors, said sources.
As he left, sources close to Immelt’s thinking called the search process totally “dysfunctional” (and worse). Cue sources close to Whitman to say that very soon (and more). Both are quite accurate.
And, in keeping with the cup full of crazy modus operandi, about 30 minutes ago, in a statement, an Uber board spokesperson said: “The Board has voted and will announce the decision to the employees first.”
Well, it’s Khosrowshahi, if he says yes, that is — so now we can all get back to the season finale of “Game of Thrones.”
Sources close to Meg Whitman said she has not been informed of any choice nor had the board agreed to some of the things she was asking for to take the job.
More to come, obvi!

Originally published on .https://www.recode.net/2017/8/27/16212552/uber-ceo-dara-khosrowshahi

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