Uber has picked Expedia CEO Dara Khosrowshahi to be its new CEO

Dara KhosrowshahiGettyDara Khosrowshahi.

Expedia CEO Dara Khosrowshahi has been selected to be the CEO of Uber by the company’s board, as reported by New York Times’ Mike Issac.

Khosrowshahi’s appointment comes after embattled Uber cofounder Travis Kalanick was ousted from the world’s most valuable private company in June, and as Uber has suffered an exodus of its top ranks amidst mounting public scandals.

The board had narrowed the CEO search down to three people, with different factions backing different candidates. Former GE CEO Jeff Immelt was a top candidate, but he publicly backed out on Sunday.

Another of the three candidates, HP CEO Meg Whitman, met with Uber’s board over the weekend despite her publicly saying she wouldn’t take the job last month.

Khosrowshahi’s involvement in the CEO search wasn’t made known until Sunday, making him a dark horse in the race.

Khosrowshahi has been CEO of Expedia for 12 years and during that time grew Expedia’s revenues from $US2 billion in revenue in 2005 to $US8.7 billion in revenue in 2016 and saw Expedia become the biggest online travel agency in the US.

Uber and Expedia couldn’t immediately be reached for comment.

This story is developing. Check back for updates.

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