Dara Khosrowshahi is officially Uber's new CEO

Dara Khosrowshahi has accepted the position of Uber CEO after he was selected by the company's board on Sunday.

The former Expedia CEO's appointment comes after embattled Uber cofounder Travis Kalanick was ousted as CEO of the world's most valuable private company in June and Uber has suffered an exodus of its top ranks amid mounting public scandals.

"I am excited to welcome Dara Khosrowshahi as Uber's next CEO," Kalanick said in a statement on Tuesday. "With a deep passion for team building, Dara grew Expedia into one of the world's most successful travel and technology platforms. Casting a vote for the next chief executive of Uber was a big moment for me and I couldn't be happier to pass the torch to such an inspiring leader."

In a memo sent to Uber employees, the company's board said that Khosrowshahi is "the best person to lead Uber into the future" and said his appointment is also aimed at "improving our culture and making Uber the best place to work."

Khosrowshahi will greet Uber employees at an all-hands meeting at the company's San Francisco headquarters on Wednesday.