Aug 30, 2017

Expedia names new chief executive

Internet travel company Expedia has named its chief financial officer to replace outgoing boss Dara Khosrowshahi, who is leaving to become chief executive at Uber. Mr Diller said Mr Khosrowshahi would remain on the board. "We all wish Dara Khosrowshahi the best good fortune as Uber's chief executive," he said in a statement. At Uber, Mr Khosrowshahi inherits a company that has been rocked by scandals, including investigations by regulators, a trade secrets lawsuit and complaints of sexual harassment,. Co-founder Travis Kalanick resigned as chief executive in June under pressure from investors.

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