Peppered in among the short list of potential candidates to become Uber’s next CEO, current Expedia (EXPE 143.00, -6.26 -4.19%) front man Dara Khosrowshahi is rumored to be the latest golden boy to take Uber into the publicly-traded promise land (or at the very least, lead the company out of the shadow cast by outgoing CEO Travis Kalanick).
As far as the reports written about the much-publicized Uber CEO search, General Electric (GE 24.44, -0.05 -0.20%) CEO Jeff Immelt -- who just yesterday tweeted his withdrawal for consideration for the Uber job -- and Hewlett Packard Enterprise (HPE 17.73, -0.22 -1.23%) CEO Meg Whitman have both bowed out. By these candidates, the (more) travel-sector oriented Khosrowshahi seems like the more logical choice.
The voice behind the EXPE CEO’s backing firstly comes from Uber’s board, but also takes into account outside pressures from major investors including Benchmark, according to reports.
By all accounts Khosrowshahi appears to be poised to lead Uber into a new, competitive future. His track record, since 2005 when he joined EXPE, lends credence to the car-hailing board’s pick. Since taking over in 2005, EXPE has had to compete with up comers Kayak and Airbnb while at the same time seeing EXPE’s stock price rise from a split-adjusted $23.81 to today’s high of $143.87.
After allegations of gender bias and sexual harassment at Uber earlier in 2017, investors were calling for a change of pace. Officially, Kalanick took time off to grieve for his mother who had recently passed in an accident. While the official announcement has yet to come forth as to who Uber’s next CEO will be, if the company does in fact take Khosrowshahi from EXPE, a vacancy as EXPE’s CEO will open up.