Uber's new CEO Dara Khosrowshahi promises big changes
It looks like Uber's new CEO Dara Khosrowshahi is shaking things up for the better. Reportedly, Khosrowshahi told his employees in an all-staff meeting that he intends to carry out a massive change in the firm's culture, which has courted many controversies in the recent past. Also, he intends to take the firm public within 18 -36 months. Here's more about it.
IPO in 18 to 36 months
While introducing himself to Uber's workforce at the San Francisco headquarters, Khosrowshahi divulged that his efforts will go in realigning Uber's culture and growing its market share. Usually, venture capital-backed firms are vague about conducting an IPO, but Khosrowshahi mentioned that he intends to go public in 18 to 36 months, if possible.
Reaching the next level
Khosrowshahi who described himself as a fighter, as per Twitter feed of Uber's communications team, said, "This company has to change…What got us here is not what's going to get us to the next level." The firm will not only need to stabilize, but also take "big shots" from now on, added the new Uber CEO.
A bitter sweet welcome
Travis Kalanick, who was also present at the meeting, welcomed Khosrowshahi saying, "Casting a vote for the next chief executive of Uber was a big moment for me and I couldn't be happier to pass the torch to such an inspiring leader." Khosrowshahi is now leading one of the most controversial enterprises in the tech world and all eyes are on him.