Uber's New CEO Faces a Mountain of Challenges
Uber Technologies has confirmed that Dara Khosrowshahi will take up the position of CEO bringing to an end a two-month search after co-founder and CEO Travis Kalanick resigned in June.
In a letter to Uber employees late Tuesday, the Uber board said it has unanimously voted to appoint Expedia's (EXPE) - Get Report CEO to the top position at the ride-sharing company.
"We're really fortunate to gain a leader with Dara's experience, talent and vision," the board wrote. "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."
Uber has been under pressure from investors after a slew of scandals rocked the company, including sexual harassment claims and lawsuit from Alphabet's (GOOGL) - Get Report self-driving car business Waymo over trade secrets theft.
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