This article is about Dara Khosrowshahi, an Iranian-American businessman, and the CEO of Uber.
Khosrowshahi was the CEO of Expedia Group before he joined Uber.
He is also on the board of directors of several companies such as BET.com and Hotels.com.
Who is Dara Khosrowshahi?
Khosrowshahi was born into a wealthy family in Iran in 1969. His family founded the Alborz Investment Company, a conglomerate involved in various industries.
In 1978, his family fled to southern France just before the Iranian Revolution. Later, they immigrated to the United States and settled in New York.
His father was stuck in Iran for six years, and Khosrowshahi did not see him during his teenage years.
He graduated from the Hackley School in 1987 and then received a B.S. in electrical and electronics engineering from Brown University in 1991.
Khosrowshahi began his career in 1991 as an analyst at Allen & Company, an investment bank. In 1998, he left Allen & Company to work for Barry Diller, one of his former clients, at Diller’s USA Networks.
He held several positions at USA Networks and later worked as CFO of IAC, another company owned by Diller. In 2001, IAC purchased Expedia, and Khosrowshahi became the CEO of Expedia in 2005.
During his tenure, the gross value of the hotel and other travel bookings at Expedia more than quadrupled, and the pre-tax earnings doubled.
He extended Expedia’s presence to more than 60 countries and acquired several companies such as Travelocity, Orbitz, and Homeaway.
In 2015, Expedia offered him $90 million in stock options as part of a long-term employment agreement.
In August 2017, Khosrowshahi became the CEO of Uber, succeeding founder Travis Kalanick.
He was initially seen as a “dark horse” candidate, but when Immelt’s initial supporters backed him, he became Uber’s second full-time CEO. During his tenure, Uber expanded its services and increased its revenue.