Travis Kalanick Resignation as Uber CEO
It was the last June when Travis Kalanick resigned as Uber CEO, after months of troble started earlier this year, after a former Uber engineer talked about what she said was sexual harassment at the company. This revelation opened floodgates for other complaints and internal investigations.
In addition, Uber was dealing with intellectual lawsuit from Waymo, a subsidiary of Alphabet. These events were just the top of the iceberg.
Uber’s history grown tied to its co-founder, Kalanick. In recent months, Uber fired more than 20 employees, after an investigation into the company’s culture. So, in a letter title “Moving Uber Forward”, investors asked Kalanick to leave immediately its CEO role. Mr. Kalanick accepted, but did remain on Uber’s board of directors. In a statement, he said:“I love Uber more than anything in the world and at this difficult 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”.
A New Future
As previously said, changing the CEO was not just about that single episode of sexual harassment, but more about creating a new culture, and this wasn’t possible with Kalanick, too tied to “difficult” episodes and policies that lead to an exodus of Uber’s top ranks. After a couple of months, investors finally found the man they think can help Uber to keep growing without other scandals. Uber’s new CEO is Dara Khosrowshahi, Expedia CEO. Uber did not yet announced the news, because Khosrowshahi has not officially accepted the offer, but Uber board is optimistic.
Who is Dara Khosrowshahi
Khosrowshahi has been CEO of Expedia for 12 years. During this time, the online travels company’s revenews grew from $2.1 billion in 2005 to $8.7 billion in 2016, turning Expedia into the biggest online travel agency in the US. Previously, he was CFO at IAC, company that bought Expedia in 2003, then spun it out in 2005. he has a degree in electrical engineering and worked also into finance, for an investment bank, Allen & co.
As numbers suggest, Khosrowshahi, bord in Iran and than moved to the US as a kid, has a reputation as a good leader, without any scandal or major complaints.
He will need to use all its abilities to take Uber leadership, and help the company recover from its past. Board members were suing each other, risking to destroy a company that now is leading the world in its sector.