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Dara Khosrowshahi in 2012 at the Allen & Company Sun Valley Conference (AP's Paul Sakuma)

On Sunday night, Uber's board of directors finally chose its next CEO: Dara Khosrowshahi, Expedia's chief executive. The Uber CEO job has been vacant since late Junem when co-founder Travis Kalanick stepped down after being pressured by a group of investors.

Why it matters: At $70 billion, Uber is the most valuable private company in the world. It's also a global business that's facing a multitude of challenges, including ongoing losses, an ugly trade secret theft lawsuit, an aggressive culture that has created an environment of sexual harassment and discrimination, and a strained relationship with drivers, among other things. Hopefully, Khosrowshahi's combination of dealmaking and management skills will help him navigate the above, along with managing a rambunctious board of directors (with one member currently suing another), and of course, working with Kalanick.

Business: Khosrowshahi has been CEO of Expedia since it spun out of IAC/Interactive Corp 12 years ago. In the 1990s, he worked as an investment banker for Allen & Co. and IAC's Barry Diller was one of his clients. In 1998, he joined Diller at IAC.

  • In 1999, IAC attempted to acquire Travelscape. However, Khosrowshahi's tough negotiator tendencies lost him the deal: after he attempted to cut $30 million from the price, Travelscape's founders walked away.
  • But he's learned from the episode. At the helm of Expedia, he oversaw the company's acquisitions of several competitors, including Orbitz, Travelocity, and most recently HomeAway for which it paid $3.9 billion (the deal almost didn't happen).
  • In 2015, he was the highest paid U.S. CEO, raking in $94.6 million, though the compensation package was part of a multi-year contract he signed at the time.
  • He's a transportation technology enthusiast: He personally invested in Seattle-based Convoy, which makes tools for the trucking business, and was excited about taking a ride in a Google self-driving car a couple of years ago. (The latter is suing his new employer, so that's bound to be interesting.)
  • He's on the board of Fanatics (which just raised funding from SoftBank) and The New York Times Co.
  • Khosrowshahi already has one link to Uber: Expedia founder Rich Barton is a venture partner at Benchmark, an early Uber investor that's currently suing Kalanick. Read Axios's interview with him.

Politics: Khosrowshahi has been a vocal critic of Trump and his administration. Along with Amazon and Microsoft, Expedia filed a lawsuit in January against Trump's ban on travel from certain Middle Eastern countries. Read his email to employees.

Personal: Born in Iran in 1969, Khosrowshahi and his family fled to New York in 1978 following the revolution. In high school, he was class president and played lacrosse. He went on to earn a degree in electrical engineering from Brown University but took on a career on Wall Street after falling in love with a woman in New York.

  • Khosrowshahi has four children—two teenagers (and girl and a boy) from his first marriage and young twin boys from his second. He married his current wife, Sydney, in Vegas while wearing jeans.
  • He's a fan of Dungeons and Dragons and World of Warcraft.
  • He's the second cousin of brothers Ali and Hadi Partovi, early investors in Facebook and founders of Code.org. His cousin, Hassan Khosrowhshai, founded Canadian electronics company Future Shop, which sold to Best Buy for $580 million in 2001.
  • Khosrowshahi's family in Iran was entrepreneurial: his father's family founded in 1953 Tolid Daru, a pharmaceuticals manufacturing company.

Go deeper

27 mins ago - Health

Omicron hits American hospitals disproportionately hard

Expand chart
Data: Our World in Data; Chart: Will Chase/Axios

America is seeing more COVID hospitalizations than other wealthy countries during the Omicron surge, according to Our World in Data.

Why it matters: Vaccines keep the vast majority of COVID cases out of the hospital, but vaccination rates are also lower in the U.S. than these other countries.

Updated 1 hour ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: The end of the Omicron wave is in sight — Transplants rebound from COVID lull.
  2. Vaccines: WHO: No evidence that healthy children, teens need boosters — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden to announce plan to distribute 400 million masks for free — Government website for free COVID tests launches early.
  4. World: WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older.
  5. Variant tracker

University of Michigan reaches $490M settlement in sex abuse case

Jon Vaughn, a former University of Michigan and NFL football player, speaks at a press conference in Ann Arbor, Mich., in June 2021. Photo: Bill Pugliano/Getty Images

The University of Michigan on Wednesday reached a $490 million settlement with over a thousand survivors who allege that they were sexually assaulted by a former physician in the school's athletic department.

Driving the news: "It's been a long and challenging journey and these survivors have refused to remain silent," attorney Parker Stinar said Wednesday.