Uber Selects Expedia Chief Dara Khosrowshahi for CEO Role Replacing Travis Kalanick

Uber Technologies voted to appoint Expedia’s CEO Dara Khosrowshahi, 48, as its new CEO, after an extensive executive search following Travis Kalanick resignation in late June this year.Dara Khosrowshahi

Khosrowshahi has been the CEO and President at Expedia since 2005. He has served as a member of Expedia’s Board since completion of Expedia’s spin-off from IAC/InterActiveCorp in August 2015. Immediately prior to the IAC/Expedia spin-off, he was CEO of IAC Travel.  Before that, he had held a series of executive roles at IAC, including EVP and CFO, as EVP of Operations and Strategic Planning, and President of USA Networks Interactive. Prior to joining IAC in 1998, Khosrowshahi worked at Allen & Company from 1991 to 1998.

Infosys’ CEO Vishal Sikka Steps Down; Interim CEO AppointedVishal Sikka

Vishal Sikka, 50, has resigned as the MD and CEO of Infosys over differences with the founders on governance issues. Sikka will now be the Executive Vice-Chairman of the company. He joined Infosys in June 2014. He was the first CTO at SAP before joining Infosys. He is credited with accelerating SAP’s development processes, transforming its innovation culture and leading several successful product co-creation initiatives with clients.

The struggle between Infosys and its founders began in February this year after founder and former chairman Narayana Murthy accused the company of corporate governance lapses.

Travis KalanickUber Technologies’ CEO Travis Kalanick, 40, has stepped down from his role. He will continue to serve on the board of directors.  Five of the major shareholders in the company – Benchmark Capital, Fidelity, First Round Capital, Lowercase Capital and Menlo Ventures, demanded the CEO’s resignation. 

Kalanick co-founded Uber in 2009 and led it to be the largest U.S. ride-hailing service and among the biggest globally. Prior to Uber, he co-founded Red Swoosh in 2001 that specialized in file-sharing technology and managed to sell it to Akamai Technologies for nearly $19 million in 2007. Before Red Swoosh, he co-founded Scour with his UCLA batch mates in 1998 which offered an Internet search engine and file-sharing services.

Thursday, 15 June 2017 15:41

Uber Leadership Shakeups & Key Open Roles

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Uber Technologies’ month's long investigation into its own culture has now extended into its most senior ranks.  

The Holder Investigation Findings. On Tuesday morning (June 13th, 2017), former US Attorney General, Eric Holder and his law firm issued a report with 13 recommendations, as published by the New York Times Link to Eric Holder's Report Recommendations by NYT). The recommendations included transferring some of the CEO’s responsibilities to the COO and appointing an independent Chairman.  

Uber Technologies’ CEO Travis Kalanick, 40, has stepped down from his role. He will continue to serve on the board of directors.  Five of the major shareholders in the company – Benchmark Capital, Fidelity, First Round Capital, Lowercase Capital and Menlo Ventures, demanded the CEO’s resignation. 

GE Names John Flannery as CEO as Jeff Immelt Steps DownJeff Immelt

General Electric announced that Chairman and CEO Jeff Immelt, 61, will be stepping down. John Flannery, 55, current president and CEO of GE Healthcare, has been named CEO. Immelt will remain chairman of the board through his retirement from the company at the end of the year. Flannery will take over as chairman of the board next year.

Yahoo! Announces New CEO and Other Senior Leaders for AltabaThomas McInerney

As Yahoo! prepares to join Verizon, it has revealed that its remaining business under the Altaba entity will be run by its board member Thomas McInerney, 52, the former EVP & CFO of IAC/InterActiveCorp.

AIG Names Chief Auditor Gallo as New CIOMartha Gallo

American International Group reported that Martha Gallo has been named CIO. She succeeds Philip Fasano, who has left the company to pursue other opportunities. ‎Gallo has been EVP and Chief Auditor of AIG before taking up the CIO role. 

ServiceNow Hires Former eBay CEO John Donahoe as New CEOJohn Donahoe

ServiceNow has named John Donahoe President and CEO. Donahoe was formerly President and CEO of eBay. Donahoe currently serves as Chairman of the Board at PayPal.

Microsoft Names LinkedIn’s Kevin Scott as CTOKevin Scott

Microsoft has named Kevin Scott to a newly created role of CTO for the company. This is an expansion of Scott's new role at LinkedIn as SVP of Infrastructure. As Microsoft's CTO, Scott will drive strategic, cross-company initiatives to maximize Microsoft's impact with members and customers. 

Microsoft's Applications and Services Group EVP Dr. Qi Lu Steps DownDr. Qi Lu

Dr. Qi Lu, the EVP in charge of Microsoft's Applications and Services Group, is leaving the company due to health reasons. Dr. Lu was previously the president of the Online Services Division, where he led the company’s search, portal and online advertising efforts. He spent 10 years at Yahoo before joining Microsoft in 2008. Many of Lu’s duties will be taken over by Rajesh Jha, a corporate VP who has been leading Microsoft’s Outlook and Office 365 efforts.