CEO Khosrowshahi staid to take Uber job: Expedia memo

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(Reuters) – Expedia Inc Chief Executive Dara Khosrowshahi is staid to accept an offer to be Uber Technologies Inc’s [UBER.UL] CEO, according to an inner memo sent to Expedia staff, finale a drawn-out hunt for a subsequent conduct of a ride-services company.

“Nothing has nonetheless been finalized, though carrying extensively discussed this with Dara, we trust it is his goal to accept,” Expedia Chairman Barry Diller wrote in a memo seen by Reuters.

Uber could not be immediately reached for comment. The San Francisco-based association has an all-hands assembly during 10 a.m. (1700 GMT) in that it is approaching to plead a issue.

Travis Kalanick, Uber’s contentious co-founder, was suspended as CEO in Jun after shareholders representing about 40 percent of a company’s voting energy sealed a minute seeking him to step down amid flourishing regard over his care and a function of comparison managers underneath him.

Reuters reported on Sunday that Uber had selected Khosrowshahi as CEO.

Khosrowshahi, 48, would take on a daunting charge of heading Uber out of a scarcely year-long crisis. That includes improving Uber’s image, repair tattered family with investors, rebuilding worker spirit and formulating a essential business after 7 years of losses.

Shares of Expedia, that Khosrowshahi has run for 12 years, were down some-more than 4 percent in morning trade.

  • Dara Khosrowshahi’s expected exit vital detriment for Expedia: analysts

Reporting by Supantha Mukherjee in Bengaluru; Editing by Saumyadeb Chakrabarty and Bill Rigby

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