Khosroshahi's strong background in travel and transportation should be a benefit when it comes to guiding Uber through its next phase of growth, according to Bajarin.
However, Expedia board chairman Barry Diller appeared to confirm the choice in a filing with the Securities and Exchange Commission.
He replaces co-founder Travis Kalanick, who was ousted in June over concerns about his behaviour. Board members are engaged in a very public fight, one that has spilled into the courts and influenced the CEO pick. "I'm what you'd call 'professional management, '" Khosrowshahi once said. Lyft has been gaining USA market share while Uber's brand has taken a major hit. "Expedia's loss is Uber's gain", he wrote.
Uber picked Khosrowshahi to be its next CEO on Sunday.
Asked whether Uber had determined what Kalanick's role would be going forward, Whitman said: "I'm not sure they've resolved that yet". "While we are trying to be hopeful, there is as much as dread and trepidation as anything else". Expedia led an $11 million round in the small San Francisco company, which has spread to 30 markets.
While the company's ride-hailing business contributes more and more to the bottom line, Uber is spending hundreds of millions, if not billions, on food delivery and autonomous vehicles.
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What's clear is the Iranian American business leader will have a challenge ahead of him.
Khosrowshahi may not have been offered the new job, if not for Uber's bickering board. That person also didn't want to be identified because board discussions are supposed to be private. He told Bloomberg's How Did I Get Here, "Our family escaped Iran on the eve of the Iranian Revolution in 1978, when I was 9".
The board of directors, as well as the team of employees, must now have their hoped pinned on Khosrowshahi to step in and give the company the face lift it needs. "That's an unusually divisive board", Mahaney said. "I was not a contender for this job until the weekend - and I'm not even sure I was then".
Expedia shares have climbed more than five-fold during the 12 years Khosrowshahi has been in charge of the travel services internet firm. That's because Khosrowshahi is now sitting on about $184 million in unvested (EXPE) stock options as of Monday's close, according to FactSet, potential earnings he would give up if he left the online-travel company.
Politically, Khosrowshahi has been an active and vocal opposition for President Donald Trump's policies, especially the travel ban placed on Muslim-majority countries.
Khosrowshahi has not yet confirmed whether he will accept the CEO role, but Expedia said in a memo yesterday that he was "likely" to do so.
Since Kalanick's resignation, Uber has been led by a committee of 14 executives, several of whom were promoted after their bosses left the company.