The former Expedia CEO Dara Khosrowshashi has accepted the position of CEO at Uber after selected by the company board on Sunday, According to company email sent to all employees. He is the only one who is expected to become the next CEO after Travis Kalanick (co-founder of Uber), who left Uber CEO position in June due to investors pressure.
On this news, Travis Kalanick said this on Tuesday “I am excited to welcome Dara Khosrowshahi as Uber’s next CEO, With a deep passion for team building, Dara grew Expedia into one of the world’s most successful travel and technology platforms. 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.”
“The Board and the Executive Leadership Team are confident that Dara is the best person to lead Uber into the future building world-class products, transforming cities, and adding value to the lives of drivers and riders around the world while continuously improving our culture and making Uber the best place to work,” the team said in the message.
Dara Khosrowshahi wrote a memo to Expedia obtained by Recode saying that “This has been one of the toughest decisions of my life, I’ve had the privilege to run Expedia for 12+ years now, and most of you who have been on this journey with me know it has not been easy going.”. Later on, he added “I have to tell you I am scared. I’ve been here at Expedia for so long that I’ve forgotten what life is like outside of this place,”
The search for next CEO was begun in June and finally ends this Sunday. Early today Khosrowshahi said this job as “Opportunity of a lifetime” in an interview with Bloomberg.
The salary is unveiled yet but according to some previous records from S&P 500, He was one of the highest paid CEO in 2005. Some of his calculated amounts were, his compensation totaled $94.6 million, his salary $1 million, $2.8 million bonus, and $90.8 million in stock options. Bloomberg estimates his unvested stock at Expedia was around $185 million.