Uber select former Expedia boss as new CEO

Embattled taxi-service app Uber is set to select Dara Khosrowshahi as their new chief executive, in the wake of the high-profile resignation of co-founder Travis Kalanick.

Kalanick announced his resignation after months of controversy back in June of this year, after several controversies over his running of the company.

The company have yet to formally the announcement, but two people familiar with the unanimous decision have publicised the move.

Prior to his new role at Uber, Mr Khosrowshahi was at the helm of online travel website Expedia for 12 years. Before Expedia Khosrowshahi served as CEO of IAC Travel and, in addition, Khosrowshahi spent time at Allen & Company for seven years, becoming vice president from 1995 to 1998.

He is also board director for BET.com, Hotels.com and various other firms.

Also in the running for high profile position was Meg Whitman, the chief executive of HP Enterprise, and Jeff Immelt, the former CEO of General Electric.

On Sunday, an Uber spokesman said on the matter: “The board has voted and will announce the decision to the employees first.”

Mr Krosrowshahi’s appointment comes after a turbulent year for the company, which has faced allegations of corporate sexism and racism, and is looking to instigate a complete rebrand its image.

Back in June, the company fired 20 employees as part of a crackdown on sexual harassment, after a string of court cases against the firm.

Earlier this week, reported an increase in bookings across the second quarter, resulting in a smaller loss than the first quarter of the year.

Despite ongoing controversies, the car-hailing company is slowly shifting towards profit, they reported a loss of $645 million in 2017’s second quarter, nine percent less than the $708 million loss in the first quarter.

Alongside image problems, the company is also facing steep competition from emerging rivals such as Lyft.

Back in June, Jaguar Land Rover (NYSE:TTM) announced a $25 million investment in Lyft, to fund the development of self-driving cars, in a blow to Uber.

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