As president of Expedia for Business, Ariane Gorin is responsible for Expedia Groups global B2B business covering an ecosystem of travel suppliers, organizations that advertise on the Expedia Group platform, and partners that are powered by Expedia Group technology. Kern says it was not about [taking] costs out because costs are evil and we want to make more money but arranging the group to be more efficient, adding if we do that the business will take care of itself. Ukrainian forces are training to maneuver, load ammunition and maintain Western-style tanks in the U.K. WSJ visited the drills to learn how Challenger 2 tanks could give Ukraine an advantage against the Soviet-era tanks currently on the battlefield. Kerns strategy: fewer people organised around clearer goals. Expedia family of travel brands includes: Brand Expedia, Hotels.com, Expedia Partner Solutions, Vrbo, Egencia, trivago, HomeAway, Orbitz, Travelocity, Hotwire, Wotif, ebookers, CheapTickets, Expedia Group Media Solutions, Expedia Local Expert, CarRentals.com, Expedia CruiseShipCenters, Classic Vacations, Traveldoo, VacationRentals.com and SilverRail. Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish- language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. The most active insiders traders include Group, Inc. Mr. Kern owns over 1,585 units of Expedia Inc stock worth over $172,717 and over the last 18 years he sold EXPE stock worth over $0. Mr. Kern has spent decades in leadership roles in public and private settings. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. We're optimistic, we're ambitious for ourselves and our partners, we want to get everybody back to success, and we think there's a big opportunity for us all to be more successful because we work together in smarter ways. He studied computer science at Stanford University from September 2016 to March 2017. Mr. Jacobson is a member of the Board of Directors of Charter Communications, Inc., Tribune Media Company, Oaktree Specialty Lending Corporation and Oaktree Strategic Income Corporation. We believe in corporate travel, which is why we kept an equity stake in the company, and we will power Amex GBT and other corporate travel players. We had this moment where the U.S. opened, and now it's a little clumsy again. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Now the company is emerging from the pandemic into an equally uncertain world. The latest news about online travel delivered weekly to your inbox. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. Big-ticket items such as holidays look a risky bet. In March 1983, in addition to Paramount, Mr. Diller became President of the conglomerate's newly formed Entertainment and Communications Group, which included Simon & Schuster, Inc., Madison Square Garden Corporation and SEGA Enterprises, Inc. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. Do they come into my room and clean it, or do they wear masks at the hotel?" from Cornell University and a J.D. analyse how our Sites are used. Javascript is required for this site to display correctly. We're also pushing on the brand front. Ms. Clinton has served as Vice Chair of the Clinton Foundation since March 2013, where her work emphasizes improving global and domestic health, creating service opportunities and empowering the next generation of leaders. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. There could be bumps in business travel and other kinds of travel, but next summer, if this summer was any indication, will be gangbusters and, hopefully, the beginning of the end in terms of Covid's impact on travel. Fri, Feb 10 202311:47 AM EST. Expedia CEO Peter Kern on fourth-quarter earnings and travel outlook for 2021 CNBC's "Squawk on the Street" team discusses Expedia's latest earnings report and how consumer demand to. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. Expedias rival Booking.com had higher profits and half the fixed cost base. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. But trying to be all things was slowing down our company. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. He argues that in western countries, Covid prompted both a savings boom and wave of spending on material goods while restaurants, hotels and airlines were shut down. So, knock wood, that is in our heads and in our planning. For non-personal use or to order multiple copies, please contact We think that generates a huge amount of opportunity for our B2C and B2B businesses. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. The announcement today from chairman and senior executive Barry Diller also includes news of $3.2 billion in new capital - $2 billion coming as debt financing and $1.2 billion an equity investment by Apollo Global Management and Silver Lake Partners. Expedias then-management blamed the encroachment of Google into travel booking but its chair, the media mogul Barry Diller, said the business had become all play and no work. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Continue reading your article witha WSJ subscription, Already a member? The largest trade he's ever made was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $5,448,500. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Vice Chairman and Chief Executive Officer, Chief People, Inclusion & Diversity Officer, Chief Technology Officer and President, Expedia Product & Technology, President and Chief Executive Officer of BECU, Chief Financial Officer, JBG Smith Properties. So, kudos to science and innovation and ingenuity. Mr. Diller served as the non-executive Chairman of the Board of Ticketmaster Entertainment, Inc. from 2008 to 2010, when it merged with Live Nation, Inc. to form Live Nation Entertainment, Inc. Mr. Diller served as the non-executive Chairman of the Board of Live Nation Entertainment, Inc. from January 2010 to October 2010 and was a member of its Board until January 2011. Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish- language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. Expedia Group CEO Peter Kern. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Ms. Clinton has been a director of Expedia Group since March 2017. from New York University. Kern says his staff needed ongoing love. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Domestic's awesome, but there have been winners and losers. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. Mr. Peter M. Kern is a President & Chief Executive Officer at Tribune Media Co., a Chairman-Supervisory Board at trivago NV, a Chairman at Gato Investments LP, a Chairman at Hemisphere Media Group, Inc., a Vice Chairman & Chief Executive Officer at Expedia Group, Inc., a Co-Founder & Managing Partner at InterMedia Advisors LLC and a Managing Partner at InterMedia Partners VII LP. Immediately prior to his appointment as Chief Executive Officer, Mr. Kern, along with Mr. Diller, had overseen Expedia Groups executive leadership team, managing day-to-day operations, since the departure of the Companys former Chief Executive Officer in December of 2019. He said Expedia Group would make tech improvements to help Vrbo to take . Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. Prior to his tenure as Chief Executive Officer of IAC Travel, Mr. Khosrowshahi served as Executive Vice President and Chief Financial Officer of IAC from January 2002 to January 2005, as IACs Executive Vice President, Operations and Strategic Planning, from July 2000 to January 2002 and as President, USA Networks Interactive, a division of IAC, from 1999 to 2000. Jon Gieselman is the President of Expedia Brands, where he is focused on brand marketing, growth marketing and marketing technology services across all Expedia Group consumer brands. and a law degree from Pepperdine University. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc.
Previously,Rathiwas Senior Vice President and CTO for Gap, Inc. where she developed an end-to-end technology strategy for Gap Inc.s broad portfolio of brands. 02:48 - Source . His net worth has been growing significantly in 2021 . I think we'll be coming out of this meaningfully improved as an industry, starting next summer. Mr. Kern holds a B.S. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. In a quarterly trading update that November, the travel groups net profit had fallen 22 per cent from a year before, missing Wall Street forecasts despite an increase in marketing spend. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the creation of Fox Broadcasting Company in addition to Fox's motion picture operations. Co-Chief Executive Officer and Founder, Brex Inc. By May 2020, the travel company had raised more than $3.2bn in funding with $1.2bn coming from the private equity groups Apollo Global Management and Silver Lake who were temporarily given seats on the board. I think people are figuring out how to protect themselves and deal with their own risks. Through his foundation Mr. Diller has supported projects for Roundabout Theatre Company, Signature Theatre, The Public Theater, and Motion Picture & Television Fund, and creating Little Island, a park and performance center in the Hudson River. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. Mr. Kern has spent decades in leadership roles in public and private settings. Mr. Khosrowshahi served as the Chief Executive Officer of IAC Travel, a division of IAC, from January 2005 to the IAC/Expedia Group Spin-Off date. or He has been vice chairman since 2018, and a board member since 2005. The group is also taking a new direction. Access exclusive travel research, data insights, and surveys. The next guest on the New Reality With. . Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off and has served as Vice Chairman of Expedia Group since June 2018. Prior to these efforts, Ms. Clinton worked as an associate at McKinsey & Company, a consulting firm, from August 2003 to October 2006, and as an associate at Avenue Capital Group, an investment firm, from October 2006 to November 2009. Mr. Kern holds a B.S. Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. All rights reserved. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Mr. Altman is the Chief Executive Officer and a member of the Board of Directors of OpenAI an organization dedicated to ensuring artificial intelligence benefits all of humanity. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Mr. Jacobson has been a director of Expedia Group since December 2007. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. No one wants to. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. Expedia, Expedia Group,
This copy is for your personal, non-commercial use only. Kern never saw himself in the travel industry despite enjoying it as a personal pastime and investing in several smaller travel technology groups in the past. Beverlys career and leadership recognitions include American Bankers 23 People Who Will Matter in Banking in 2023, Black Enterprises Most Powerful Women in Corporate America, CardLinxs Top 20 Women in Digital Commerce, and the Kenneth A. Powell Award for Professional Achievement from the Harvard Business School African-American Alumni Association. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. On February 25, 2021, Expedia Group, Inc. (the "Company") entered into an Employment Agreement (the "Employment Agreement") with Peter Kern, the Company's Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 ("Term"), after which Mr. Kern is expected to ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US "I'm famously good at putting babies to sleep because of my grumbly voice," the Seattle-based travel boss says as we embark on a Zoom call to discuss his leadership strategies some 18 months later. Earlier in his career, Mr. Dubrugas founded EduqueMe, an educational crowdfunding company, and Estudar nos EUA, a company aimed at disseminating information about study-abroad opportunities. Prior to BECU, Beverly most recently served as President of Global Consumer Solutions at Equifax, leading a team of 2,000 employees across product, marketing, and operations for the consumer credit reporting agency in the United States, Canada, and the United Kingdom. The most recent stock trade was executed by Lance A Soliday on 21 February 2023, trading 5,387 units of EXPE stock currently worth $566,335. (Podcast). LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . . So, for every loser, we have a winner or, hopefully, two winners. If we chased every endpoint, we were going to make it too complex to build the core that we needed. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. The more you scale the more true that is, you cant be everywhere. One month later, Covid hit the US and Europe and the travel industry came to a standstill. In the 10 weeks after the shutdown of travel in Europe and the US in March 2020, Expedia handled 22mn calls and messages, more than double its usual rate. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Im famously good at putting babies to sleep because of my grumbly voice, the Seattle-based travel boss says as we embark on a Zoom call to discuss his leadership strategies some 18 months later. -- that's part of our bread and butter, and that's been fairly restricted. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. That includes $157 million in stock awards and $137 million in option awards. At the moment, I admire Microsofts CEO Satya Nadella and his work reviving Microsoft from sleeping giant to moving it into the cloud, and reimagining the company. You can still enjoy your subscription until the end of your current billing period. personalising content and ads, providing social media features and to Nayarit has a lot to offer luxury travelers, Nevada's congressional delegation reacts to Biden's 'Junk Fee' proposal, Giada De Laurentiis and Oceania Cruises, a delicious combination, Despite an energy crisis, lights are staying on for South Africa's tourists, Uniworld Boutique River Cruise Collection, Executive view 2022: Peter Kern of Expedia Group, Executive view for 2022: Stephanie Linnartz of Marriott International, Executive view for 2022: Orlando Ashford of Azamara, Executive view 2022: Becky Powell, Global Travel Collection. Expedia burned through cash in issuing refunds. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. Before joining Tribune, Michael was Vice President of Labor Relations at NBCUniversal, where he supported network news and sports, owned and operated stations and late-night entertainment programs. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Peter Kern, CEO of Expedia Group. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Gieselman served as a director of Expedia Group from December 2019 to May 2021. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. No matter how smart you are you cant scale IQ points. And then we can have really good people to solve harder problems at a higher rate, in a faster way. That's where we're trying to go. from Boston College and an M.B.A. from St. John Fisher College. Distribution and use of this material are governed by Financier Fan Bao, who went missing last month, has been detained by authorities in mainland China in connection with the investigation of a former senior executive at the investment bank he founded. In addition, he makes $1,924,500 as Chief Executive Officer and Vice Chairman of the Board at Expedia Inc. Peter has made over 40 trades of the Expedia Inc stock since 2006, according to the Form 4 filled with the SEC. 50% off + free delivery on any order with DoorDash promo code, Wayfair promo code: 10% off any single purchase, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. He started out on the finance side of business, first meeting Diller when he headed up the finance department at the TV station Home Shopping Network. We support credit card, debit card and PayPal payments. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. He then moved into private equity for more than 20 years, which is where he says he learnt the importance of recruiting good people and giving them space. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. We use series is Peter Kern, CEO and. Beyond the office, Beverly is dedicated to giving back to her community, serving on the boards of Expedia Group, Accion, Sword Health, and the Harvard Business School African-American Alumni Association. He has invested in a number of private companies, including Reddit, Inc., which operates a social sharing and aggregation website, and Helion Energy, Inc. and Oklo, Inc., which are both developing clean energy solutions. Expedia, Inc., an Expedia Group company. A lot of work still has to happen to realize on that, but that's a big push. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. And that's a problem for the travel industry. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. All Rights Reserved. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Mr. Kern also serves on the boards of several private companies. . Email*. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Choosing one leadership hero is hard. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Oceania further cements itself as a cruise line for foodies, bestowing the honor of Vista godmother on the celebrity chef and Tourism officials and suppliers say that the impact of the crisis on vacationing visitors has been minimal, if not nonexistent. That includes $157 million in stock awards and $137 million in option awards. You have to create an environment where the team can deliver. We've made tremendous strides technologically that not only help us take care of more customers more quickly but which have freed up capital to invest in people to take care of customers. Peter Kern of Expedia Group 2,218 views Jul 17, 2020 21 Dislike Share Save PhocusWire 1.42K subscribers #coronavirus The next guest on the New Reality With. 301 Route 17 N, Suite 1150, Rutherford, NJ Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Strategic Planning and was promoted to Senior Vice President in 1999 we series!, focusing on short Form Digital, a robust journalistic offering that fulfils many users needs stock. Year at a higher rate, in a faster way he said Expedia Group since December 2007 Altman... Firm, since April 2012 as an industry, starting next summer private settings 28 Cannes Lions Clara University California... 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