Former Expedia CEO takes helm of Uber on Wednesday

One former Uber executive described the vibe internally as "strong optimism", but said a key concern lingers among employees: "continued distraction from Travis".

'I have to tell you that I'm scared, ' he wrote in the note, which was shared with Reuters.

Uber is all set for a revamp with Dara Khosrowshahi, the former CEO of Expedia Inc joining as the company's new chief executive.

Khosrowshahi was not among those reported to have been in the running.

Kalanick - who has undergone his share of trouble (and also personal tragedy) this year - will also address the crowd gathered at Uber's Market Street headquarters, as well as employees who will be dialing in from all over the world.

Jumped-up cab firm Uber, which was once valued at more than $50bn, has announced that Dara Khosrowshahi as its new CEO to replace ousted "bro" CEO Travis Kalanick. Among other allegations, Benchmark accused Kalanick of trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO".

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On Monday, the day after Uber board members met to select Mr. Khosrowshahi as the company's new chief executive, Mr. Kalanick filed another response urging arbitration. Whitman recently stepped off the board of directors of HP Inc which fuelled rumours that she might make the move to Uber.

Although Khosrowshahi, 48, called his new job "the opportunity of a lifetime" in an interview with Bloomberg, he's facing a long list of challenges.

Kalanick already has a rough reputation in the court of public opinion after Uber was rocked with so many scandals under his leadership that investors, led by Benchmark, forced him to resign from the CEO role in June. Until this week, Uber was operating without a CEO, COO, CFO, CMO or president. On top of that, there is mounting expectation that the company, which is privately valued at $70 billion, will go public soon without losing value for shareholders.

The Uber board has been in turmoil, with one major investor in the company, Benchmark Capital, suing Kalanick and accusing him of sabotaging the search for his replacement.

Benchmark also blamed Kalanick for a slew of Uber scandals, including his involvement in trade-secret theft claims tied to a lawsuit by Alphabet Inc.'s self-driving vehicle business and accusations of workplace hostility to women.

"We have no indication he is leaving Expedia", said Dave McNamee, a spokesman for Expedia.

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