Uber's new CEO Dara Khosrowshahi told employees that the ride-hailing company should go public, but not for another 18 to 36 months, according to reports citing sources at an all-hands meeting Wednesday.
Khosrowshahi was recently named CEO of Uber. He is also driven but in a different way.
Dara came to America at nine years old when his family escaped Iran on the eve of the Iranian Revolution.
"He is a tireless, strategic, and steadfast leader who has pushed me to be my best self while having Expedia's best interests front and center at every step".
In comparison, Khosrowshahi's job will be a lot easier: Be charming and commanding, making it clear to Uber's universe that he is ready to be in charge. The short list included Jeff Immelt, the former CEO of General Electric (GE), and Meg Whitman, the head of Hewlett Packard Enterprise (HPE, Tech30).
An Uber spokesperson said previous year that the company made the change to improve service.
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"We're really fortunate to gain a leader with Dara's experience, talent and vision", the letter to employees reads. Before this, he worked at a number of other companies also led by Expedia chairman Barry Diller, including USA Networks and IAC Travel, which purchased Expedia in 2005.
Kalanick, who attended Wednesday's staff meeting, welcomed his replacement in a statement. Okerstrom seems like a natural successor given that he has overseen Expedia during its recent run-up on Wall Street as well as his long tenure at the company.
Kalanick remains a member of the board and is a significant shareholder in Uber, which has raised concerns among investors that he will continue to control decisions after resigning. Uber is also the subject of a USA probe into its use of software to deceive law enforcement officials, a program known as Greyball.
Uber Backer Defends Kalanick Against "Sanctimonious Hypocrites" Benchmark, which holds a 13 percent stake in Uber, sued Kalanick Aug. 10, saying he misled the firm about his performance as chief executive and the reasons behind his request to expand the company's board from eight to 11 seats.
The ban was lifted early after the company paid a penalty of 190 million Philippine pesos (£2.88m; $3.72m).