Get ready for float, new Uber boss says

ProfileAugust 30 2017 12:00pm The Times Dara Khosrowshahi the new Uber chiefnew Alexandra Frean

ProfileAugust 30 2017 12:00pm The Times Dara Khosrowshahi the new Uber chiefnew Alexandra Frean

Chief Executive Officer Dara Khosrowshahi rallied the troops at his first attendance at a staff meeting on Wednesday, committing the ride-hailing giant to an initial public offering in 18 to 36 months.

"We view Expedia's operations in 2017 as back to basics with the company re-focused on improving search, increasing conversion rates, and building out supply - all core tenets of the OTA (online travel agency) ecosystem", Anmuth said.

"I love Uber more than anything in the world and at this hard moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight", Kalanick said in a statement. Uber, a highly valuable startup - perhaps the most valuable this year - hasn't gone public yet.

Dara Khosrowshahi, the low-profile chief executive of travel booking company Expedia, on Tuesday accepted an offer to be Uber's next CEO. During an emotional all-hands meeting at Uber Wednesday, board member Arianna Huffington may have suggested that Okerstrom would follow Khosrowshahi to Uber.

He also said bringing in a chairman "to be my partner at the board level — driving agenda and rhythm of the board" is important.


Uber has been without a chief financial officer since 2015 and the company's head of finance left the company at the end of May. "There was no other candidate that the board considered". Uber is a very fortunate company.

"Dara is the best person to lead Uber into the future", the company said in an email to employees that was also posted on its website.

So what can you expect from me and for Expedia, Inc., going forward? Our Leadership Team, over 12 strong, is as substantial a group of executives as I've ever worked with. "I'd assume largely a continuation of the course we've been on", he told reporters later on a conference call. Expedia later joined Washington state's lawsuit against the president over the travel ban. I believe in this company and I believe in you - I always have.

"Daniel Ek looks at me and says, 'Dara, do you want to be happy?"

"They asked what it would take for me to change my mind", Whitman said Monday in an interview with the Financial Times.

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