Uber CEO Dara Khosrowshahi to visit India, Japan, with expansion plans

Dara Khusrowshahi is on damage control in Asia since the controversies that led to the exit of the previous CEO, Travis Kalanick
Image Source: The Japan Times 

Uber Chief Dara Khosrowshahi is expected to embark upon his first visit to Asia in the week of February 19th. A spokesperson from Uber has revealed that Khosrowshahi plans to schedule meetings with top-ranking government officials, employees and business partners in Japan and India.

The head of Uber Technologies Inc. is on image mitigation program to better Uber’s recent controversy-filled past. Amid doubts about the company’s future in the region, Khosrowshahi is willing to cooperate and improve the issues that plagued the previous CEO Travis Kalanick.

The source said that the company wants to chalk out ways that “Uber can serve their riders, drivers, and cities better.” In the past week, the company finalized an agreement with Japan’s SoftBank Group Corporation. This made the Japanese investor the largest shareholder enabling Uber to compete with Ola in India and Grab in Southeast Asia.

Reports predict that Khorowshahi may seek to expand in the continent. Rajeev Misra, an executive of SoftBank who has joined the board for Uber recently spoke to the Financial Times advising that Uber needs to focus on its core market bases which are the US, Australia, Europe and Latin America. However, clearly, Khosrowshahi has different plans.

Sources: Livemint, Moneycontrol

Expedia boss Dara Khosrowshahi chosen as new Uber CEO

The Uber Technologies Inc board of directors met on August 27, 2017 to vote for its new CEO. It has chosen Dara Khosrowshahi, chief executive of travel company Expedia, to lead the ride-services company out of a year long crisis.

As per TechCrunch, the position for The Uber CEO had been vacant after the co-founder Travis Kalanick resigned in June. His departure came after Eric Holder, former U S Attorney General conducted an investigation into the culture of the company. Allegations of sexism and racism prompted this investigation.

Consequently, the Uber board has been involved with its own conflicts. Benchmark Capital, early investor and a board seat holder, sued Kalanick on the grounds of not disclosing information about the problems of the company.

Earlier on August 27, 2017, Jeff Immelt, chairman, General Electric Co, said he was no longer in the running for the job. He took to twitter and said, ” I have decided not to pursue a leadership position at Uber. I have immense respect for the company & founders- Travis, Garrett and Ryan.

According to the Guardian, the probable candidates narrowed to three people- Jeff Immelt, Meg Whitman and Khosrowshahi.

Meg Whitman, chief executive, Hewlett Packard Enterprise tweeted on August 28,2017, ” We have a lot of work still to do at HPE and I am not going anywhere. Uber’s CEO will not be Meg Whitman.”

Khosrowshahi, a 48-year-old Iranian American has led Expedia for 12 years. TechCrunch reported that under his term, Expedia’s stock market is up 32% so far this year, that is, it has tripled in the last five years.

SOURCES: REUTERS, THE GUARDIAN

IMAGE SOURCE: AP