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Opportunity of a lifetime for Uber CEO pick

Opportunity of a lifetime for Uber CEO pick

Dara Khosrowshahi on the top job at Uber: "I am not in this to coast".

Whitman also addressed the odd circumstances surrounding her candidacy for Uber CEO.

In a statement, Kalanick said he was "excited to welcome" Khosrowshahi as Uber's next CEO: "With a deep passion for team building, Dara grew Expedia into one of the world's most successful travel and technology platforms". Investors value the company at $68 billion, according to The Wall Street Journal (http://graphics.wsj.com/billion-dollar-club/), the most valuable venture-backed private company tracked by the Journal.

Since Uber's founding in 2009, the San Francisco-based company has tested the world's tolerance for disruption and rule-breaking.

Uber is expected to name Expedia CEO Dara Khosrowshahi as its new CEO after a long search for Kalanick's replacement, which included former GE CEO Jeff Immelt and HPE CEO Meg Whitman.

Khosrowshahi's appointment hasn't been publicly announced by the company yet, with the appointment only confirmed via an internal memo to employees.

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Uber has also lost several key executives this year and is now trying to fill these top positions, including CFO, COO, CMO and president. But he will also have an incredibly tough job steering the ride-hailing company back to stability, after months of controversies and bitter infighting at the board level.

A report in Skift said that Khosrowshahi's immigrant background will also help in steering Uber away from pro-Trump policies, as he has shown to be progressive in matters relating to travel policies.

Khosrowshahi was part of IAC's acquisition of Expedia in August 2005.

Uber is fielding additional scrutiny from the U.S. Justice Department, now targeting possible violations of laws against overseas bribery. Apart from Kalanick going on leave, the recommendations suggested Uber exercising more control over HR and the overall culture at the workplace. Benchmark has even gone so far as to file a lawsuit against him, trying to wrestle control of some board seats away from Kalanick and perhaps even oust him from the board.

Earlier this year, during Expedia's fourth-quarter earnings call, Khosrowshahi surprised listeners with his closing remarks. An Iranian immigrant who moved to NY as a kid, he started his career at the investment bank Allen & Co. before serving as CFO at the media company IAC. Waymo claims that Uber stole trade secrets when it brought on engineer Anthony Levandowski, a former Alphabet employee, as part of a $680 million acquisition of the startup Otto previous year.

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