New Uber CEO Says Company May Go Public In A Few Years

Uber has been going through a lot of changes these days and the new CEO has plans to make the ride-hailing firm go public in 18 to 36 months.

While it may not be in the immediate plan of action which the new Uber CEO – Dara Khosrowshahi – has in mind for the ride-services company, he has spoken about the need to take a new direction so that the organization grows. Chief of them will be to make the company go public. But that’s going to take a while – around 18 to 36 months, to be precise.

A report on Automotive News states that the new CEO mentioned about the aforementioned changes in an all-staff meeting organized at Uber headquarters in San Francisco. Khosrowshahi said,

"This company has to change. What got us here is not what’s going to get us to the next level."

It’ll be a steep and strenuous climb for the ex-Expedia CEO to traverse as Uber is still trying to fix a lot of issues internally and externally. After the previous CEO Travis Kalanick was forced to resign following complaints on his inability to address the poor work culture and sexual harassment-related problems at Uber, the company had been navigating through dangerous waters.

There are legal battles which are still being fought on a variety of cases and the employee morale isn’t essentially at an all-time high right now. Khosrowshahi will also have to deal with ousted CEO Kalanick who is still a member of the board. Both men have entirely different work styles and approaches which will at some point of time in future lead to a clash.

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The most valuable privately-owned company in the US, is also shopping around for a Chief Financial Officer, Head of Engineering, General Counsel and a Chairman to run the board. Hopefully, Dara Khosrowshahi will get the firm back on its feet and in the game soon, before Lyft gets too far to catch up with.

Source: Automotive News