Dara Khosrowshahi Named New CEO of Uber

Dara Khosrowshahi Named New CEO of Uber

Dara Khosrowshahi, the Chief of Expedia, has been selected to restore expelled Travis Kalanick as the upcoming CEO at Uber. This data was given by The New York Times last week since the ride-hailing major seems to shift past an uneven patch.

Khosrowshahi came out as the leader amongst 3 finalists for the job at the time of the company board conferences over the last week, the Times reported, mentioning 2 people having deep knowledge of the decision. Uber spokesperson was not instantly accessible for comment. Meg Whitman, Chief of Hewlett-Packard Enterprise, had been seen as the preferred, as per various media outlets, but the Times claimed that the situation modified last week in the favor of 48-year old Tehran-born Khosrowshahi.

Dara Khosrowshahi Named New CEO of Uber

Jeff Immelt, previous CEO of GE, whose name was on the list, last week removed himself from the management for the leading job. “I have made a decision not to chase a leadership spot at Uber,” Immelt claimed on Twitter, without an explanation for this. “I have huge respect for the founders and the company.” The Wall Street Journal claimed that Immelt had selected not to chase the post of CEO after seeing divisions and disorder amongst various factions of board for Uber,” as per an unnamed source.

Recently, Uber declared UPI (Unified Payments Interface) incorporation in a joint venture with NPCI (National Payments Corporation of India) and banking partners HDFC Bank and Axis Bank in India this week. After this incorporation, Uber users will now be capable of making transaction through UPI.

The Uber UPI incorporation allows users to even generate UPI IDs utilizing the Uber app. Users can pay for their Uber ride straightly from the application. In order to utilize UPI as a transaction way, the users have to follow a process of one-time registration.

Speaking of the integration, SVP-Global Business of Uber, David Richter, claimed, “We are proud to be an associate in the monumental mission of the government to make digital transactions lead the society and are delighted to declare integration of UPI, an important joint step for unlocking the capability of fintech innovations in pacing the development of the digital economy of the nation.”a

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