New Uber CEO Dara Khosrowshahi will reportedly leave The New York Times Company’s board of directors. The former Expedia CEO had been on the board since 2015 but has informed the group that he will no longer be a part of the board due to his new responsibilities as the CEO of Uber.
During his time on board, Khosrowshahi served on the audit committee, as well as the technology and innovation committee. He was joined by fellow tech pioneers Brian McAndrews, former CEO of Pandora, and Rebecca Van Dyck, CMO of Facebook’s Oculus. Before his decision to leave the board, The New York Times was recently criticized for not disclosing Khosrowshahi’s involvement and presence on the board, and the publication responded by stating it “regretted” the error but were adamant that Khosrowshahi’s board seat “had no impact on its Uber coverage.”
In an official government filing Khosrowshahi made his decision public; the filing reported the following on his departure:
“Mr. Khosrowshahi’s decision to resign as a director was not due to any disagreements with the company on any matter relating to the company’s operations, policies or practices.”
Khosrowshahi was recently named Uber’s new CEO after months of searching and interviewing candidates. According to Bloomberg data, Uber may have given him a decent load of money for his new role with the company. Since Uber is a private company, it won’t have to disclose the annual salary and compensation of its workers. However, it is expected that Khosrowshahi will receive somewhere around $200 million due to his current stock market options within Expedia and expertise in the field.
Uber has endured a tumultuous time fixing its image. Khosrowshahi’s hiring may be the spark it need to get back on track and dismiss the negative claims about the lack of diversity within Uber’s workplace. His level of expertise in the field and departure from The New York Times’ board of directors will give him a better opportunity to give Uber exactly what it need.