After two months without a CEO, Uber finally found someone to put in the driver’s seat. That someone is Dara Khosrowshahi, currently CEO of the online travel company Expedia. Uber’s board selected Khosrowshahi on Sunday, reportedly as a compromise choice over Hewitt Packard Enterprise CEO Meg Whitman and GE board chairman Jeff Immelt. While it’s unclear when Khosrowshahi will assume the new role (Reuters reports he’ll accept the offer), he’ll have his work cut out for him when he takes the helm. Uber has burned through eye-popping amounts of cash to fuel its rapid expansion, and now desperately needs to stem those losses and get its finances under control.

Source: Huffington Post August 28, 2017 19:30 UTC