Expedia names a new CEO as Dara Khosrowshahi heads to Uber

Expedia’s chief financial officer will be promoted to CEO, the company said on Wednesday.

Mark Okerstrom will take over for Dara Khosrowshahi as president and CEO of the travel tech conglomerate. Khosrowshahi was recently named CEO of Uber. His job begins on Tuesday but Khosrowshahi will remain on Expedia’s board. (Expedia owns CarRentals.com.)

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