Expedia chairman wishes Khosrowshahi well at Uber

|
Expedia chairman Barry Diller said if Dara Khosrowshahi wants to lead Uber "for his next adventure, it will be with my best wishes."
Expedia chairman Barry Diller said if Dara Khosrowshahi wants to lead Uber "for his next adventure, it will be with my best wishes."

Expedia Inc. chairman Barry Diller, in an e-mail he sent to company employees on Monday, wrote that CEO Dara Khosrowshahi's departure to take over leadership of Uber was likely, and he complimented Khosrowshahi on his 12 years of leadership at Expedia.

Diller wrote that he and Khosrowshahi had discussed the opportunity "extensively" and that he believes "it his intention to accept."

"If Dara does leave us, it will be to my great regret but also my blessing -- he's devoted 12 great years to building this company and if this is what he wants for his next adventure, it will be with my best wishes," Diller wrote.

Dara Khosrowshahi
Dara Khosrowshahi

RBC Capital Markets analyst Mark Mahaney, in a note to clients Monday, also complimented Khosrowshahi for his leadership achievements at Expedia.

"While execution under Khosrowshahi hasn't been flawless, it has been exceptionally good," Mahaney wrote. "His departure is a negative for Expedia, and we would assume the company will initiate an external search for his replacement."

As for Uber, Khosrowshahi's experience in heading a rapidly growing company that has experienced success worldwide makes him a "very strong" CEO candidate.

"We have particularly appreciated his directness and bluntness," Mahaney wrote, referencing Khosrowshahi's willingness to acknowledge challenging market conditions early in last decade's recession. "We believe Khosrowshahi will bring very good leadership to Uber."

Khosrowshahi was named Expedia's CEO upon its 2005 spinoff from IAC/InterActiveCorp after serving as CFO of USA Networks Interactive, an IAC unit.

Uber founder Travis Kalanick resigned as CEO of the ride-hailing company in June.

Neither representatives at Expedia nor Uber responded to requests for comment from Travel Weekly on Monday. The Travel Technology Association, the Washington-based trade group for OTAs, declined to comment.

Khosrowshahi was named to take over Uber on Sunday, according to several reports. Uber chose Khosrowshahi over former General Electric CEO Jeffrey Immelt and Hewlett Packard Enterprise CEO Meg Whitman.

Comments
JDS Travel News JDS Viewpoints JDS Africa/MI