Following several media reports about the appointment of Expedia CEO Dara Khosrowsashi as the new CEO for ride-hailing giant Uber, the company today confirmed his appointment through an email sent to employees, which was later posted in the company’s blog.

The company’s board of directors announced that it voted “unanimously” for Khosrowsashi’s appointment.

The new CEO will start his first day at Uber on August 30, when he will be joining an all-hands meeting. Within the next weeks, Khosrowsashi will also meet with employees “around the world” in smaller groups and spend time with drivers.

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“We’re really fortunate to gain a leader with Dara’s experience, talent and vision. The Board and the Executive Leadership Team are confident that Dara is the best person to lead Uber into the future building world-class products, transforming cities, and adding value to the lives of drivers and riders around the world while continuously improving our culture and making Uber the best place to work,” the board stated.

Prior to his appointment, Khosrowsashi was the CEO of global online travel company Expedia. He was an immigrant who came to the US from Iran when he was nine years old; he was later trained an engineer at Brown University, and spent “many years” at IAC serving as CFO and in various operational and strategic roles.

Following the announcement of his appointment at Uber, Expedia’s shares fell 5.4 per cent after the opening bell, which Financial Times reported as the company’s biggest one-day drop in 14 months.