Uber picks Expedia's Dara Khosrowshahi as new CEO

San Francisco

UBER Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride services company out of a nearly year-long crisis.

Mr Khosrowshahi, 48, would take on the daunting task of mending Uber's image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses.

In Mr 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.

He has also proven capable of making Expedia the leader in another industry full of change and competition - online travel…