In Khosrowshahi, Uber's board has picked an executive with a track record of driving growth while also delivering profits - precisely what the unprofitable Uber needs to satisfy investors. The Uber board of directors has been meeting daily and deliberated on its pick for CEO throughout the weekend. Unlike Immelt and Whitman, Khosrowshahi is not a fixture in the celebrity executive community. He is also on the board of the New York Times Company and sports merchandise company Fanatics Inc. In a previous statement, Kalanick said he would support the new CEO "to guide Uber into its next phase of growth and ensure its continued success."

Source: bd News24 August 28, 2017 04:41 UTC