Uber Chooses Expedia CEO to Lead Company

UNITED NEWS INTERNATIONAL (UNI) — Uber names a new CEO, and the pick is a bit of a surprise.

The ride-hailing company has appointed Expedia’s Dara Khosrowshahi as its new leader, according to Bloomberg.

The former chief of GE Jeff Immelt and chief executive of HPE Meg Whitman were both in the running for the position but Khosrowshahi came out on top following a weekend of Uber board meetings.

Bloomberg reports that this decision could cost Uber the big bucks, likely shelling out somewhere around $200 million to get him to exit Expedia after 12 years at the helm of the online travel company.

Uber has been without a chief executive since its co-founder Travis Kalanick stepped down from his role as the CEO in June. So this appointment caps a nine-week search.

Under Kalanick, Uber grew into a $20 billion business before scandals forced him out.