Keep abreast of significant corporate, financial and political developments around the world. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. Mr. von Furstenberg has been a director of Expedia Group since December 2015. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. degree from the Wharton School at the University of Pennsylvania. One month later, Covid hit the US and Europe and the travel industry came to a standstill. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Evidence from airlines such as United, which said in April that it expected record quarterly revenues in the three months to the end of June, would suggest as much. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. from The John Marshall Law School. She is also a Certified Public Accountant and holds both a B.S. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Mr. Kern holds a B.S. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. We were never purpose-built that way -- we had a bunch of stacks that did their own things. 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. -- that's part of our bread and butter, and that's been fairly restricted. He serves on the boards of The Coca-Cola Company and MGM Resorts International. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. Mr. Dolgen holds a B.S. Before joining Expedia Group, Gieselman served as Vice President of Marketing for Services at Apple, Inc., where he was responsible for the global marketing and sales functions for all Apple Services including businesses like the App Store, Apple Music, Apple News, Apple TV+ and Apple Card. 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. Mr. Dzielak is currently a member of the Supervisory Board of trivago, N.V. Michael Davis Velasco is the Chief People, Inclusion and Diversity Officer at Expedia Group. And then we can have really good people to solve harder problems at a higher rate, in a faster way. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. What will ChatGPT mean for the travel industry? Her expertise lies in her ability to manage engineering teams and drive change. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc.
Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. I think the U.S. will stay a steadfast and strong market for us. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. That's where we're trying to go. According to Peter Kern, the vice chairman and CEO, his . I was very good at putting my own sons to sleep that way.. (Podcast). Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Peter served as Director at Expedia Group. Compare Standard and Premium Digital here. There is only winning or learning. Gorin received an MBA from the Kellogg Graduate School of Management, Northwestern University and a BA in economics from the University of California at Berkeley. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. 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. Mr. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. In addition to the philanthropic work accomplished through his position as a director of The Diller-von Furstenberg Family Foundation, Mr. von Furstenberg also serves on the Board of Directors of Friends of the High Line. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Premium access for businesses and educational institutions. From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. I think people are figuring out how to protect themselves and deal with their own risks. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . 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. Domestic was tremendously strong for us. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Check if your News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. It also doesn't create waste and may help fight the climate crisis. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. That its OK to make mistakes. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. Fri, Feb 10 202311:47 AM EST. 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. Its shares plummeted more than 27 per cent as a result. Expedia Group CEO Peter Kern. Expedia, Inc., an Expedia Group company. I believe cities will come back, of course, and will be beneficiaries of international travel again. Big-ticket items such as holidays look a risky bet. Mr. Kern also serves on the boards of several private companies. Despite assuming leadership of one of the world's largest travel brands in the midst of a global pandemic, Expedia Group CEO Peter Kern says there wasn't much in 2020 that took him by surprise - except "I didn't have to wear pants to work." Speaking at his first Phocuswright Conference since replacing former CEO Mark Okerstrom in April, Kern says he sees the events of this year as . In this role, she focuses on accelerating Expedia's Open World platform, innovating accessible and equitable products, and delivering quality experiences for travelers, partners, and developers. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. Most recently, Michael served as Senior Vice President of Human Resources and Chief Labor & Employment Counsel at Tribune Media Company, where he led all Human Resources functions including benefits, compensation, talent acquisition, HRIS, learning & development, as well as diversity and inclusion efforts. 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. Company is here to bring the world within reach for customers and partners around the globe. 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. It was certainly not my idea or [Dillers] that it would be me, he notes. Do they come into my room and clean it, or do they wear masks at the hotel?" 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 sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. But he was suddenly propelled into running the company after his predecessor Mark Okerstrom and Expedias then-chief financial officer walked out in December 2019 following a boardroom dispute. You can still enjoy your subscription until the end of your current billing period. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. We support credit card, debit card and PayPal payments. Vice Chairman and Chief Executive Officer. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. Peter Kern, Vice Chairman and CEO Expedia Group Bengaluru: Global travel is likely to keep improving in the coming months as the Covid-19 pandemic moves towards the 'endemic' stage, Peter Kern, vice chairman and chief executive officer of global travel and hospitality booking platform Expedia Group, has said. Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. from Cornell University and a J.D. From August 2010 until 2017, Ms. Banerjee served in various roles at a predecessor of JBGS (JBG), including as a Principal in the Investments Group and a member of the Management Committee. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart 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. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. Mr. Kern holds a B.S. The total compensation amounts were included in proxy statements last month. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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. Kerns total compensation in 2021 compared with $53.9 million for Booking Holdings Glenn Fogel, $7.67 million for Tripadvisors Steve Kaufer, and $132,000 for Airbnbs Brian Chesky. 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. 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. . He has been vice chairman since 2018, and a board member since 2005. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. and a law degree from Pepperdine University. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . 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In February 2020, Kern oversaw 3,000 redundancies about 12 per cent of Expedias headcount and streamlined the sprawling group, which had accumulated an array of brands including Trivago and Hotels.com. Ms. Clinton also currently serves on the Board of Directors of IAC, The School of American Ballet, Clover Health and Nurx Inc.; the Board of Overseers of the Weill Cornell Medical College and the Columbia University Mailman School of Public Health; the Board of Trustees of the Africa Center; and as Co-Chair of the Advisory Board of the Of Many Institute at New York University. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. Chairman & Sr. Exec.. Peter's mailing address filed with the SEC is C/O EXPEDIA GROUP, INC., 1111 EXPEDIA GROUP WAY W., SEATTLE, WA, 98119. Now, there is one centralised marketing hub working on all the Expedia brands. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc.
The group is also taking a new direction. Gato Investments LP, managed by InterMedia Advisors, LLC completed the acquisition of remaining stake in Hemisphere Media Group, Inc. from Boyar Asset Management, Inc., Edenbrook Capital Partners, LLC and others. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. 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. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Why? Prior to her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. 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. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. Expedia is planning for a boom in travel as more people get vaccinated. Beverly holds a Master of Business Administration with distinction from Harvard Business School and graduated summa cum laude with a Bachelor of Science in business from Florida A&M University. Peter Kern joined Expedia Group in 2005. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. As Expedia Groups EVP and CFO, Ms. Whalen leads the Companys global finance organization and financial activities including accounting, corporate development, financial reporting and analysis, internal audit, investor relations, real estate, tax, and treasury. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. In some he read bedtime stories to the children of frazzled staff. You have to create an environment where the team can deliver, he says. 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. Peter Kern Vice Chairman and Chief Executive Officer 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. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. After all, Kern says, people dont put pictures of their vacuum cleaner on their refrigerator but of their favourite trip to Italy or Singapore or Thailand., Expedias Peter Kern: Be straight with your people about how you feel, West Virginia Gov. Mr. Dolgen is a director emeritus of Expedia Group, having served as a director of the company from the IAC/Expedia Group Spin-Off through June 2019. All this change creates traveler pain and also creates company pain because you've got to service customers, and they're needing service at much more elevated levels. from New York University. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Since joining the Company as Assistant General Counsel in April 2006 and through his service as Vice President and Associate General Counsel between February 2007 and October 2011, Mr. Dzielak held primary responsibility for the worldwide litigation portfolio of the Company and its brands. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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 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. 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. One of the companys new values is Choose Fearlessly. We're also pushing on the brand front. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. It was a precarious moment: Calls to the company's call. What would you do if you were not a chief executive? Expedia, Inc., an Expedia Group company. But I wouldn't say, universally, we're as strong as we want. Long-haul air is, obviously, more beneficial for us than short-haul air, and long-haul international -- Europe to U.S., U.S. to Europe, to Asia, etc. Mr. Kern has served on the Board of Directors of Tribune Media Company since October 2016, where he currently also serves as Chief Executive Officer, as Chairman of the Board of Directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company, since April 2013, and since 2016, as a member of Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group. Mr. Jacobson has been a director of Expedia Group since December 2007. 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. They want to. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. 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. The latest news about online travel delivered weekly to your inbox. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Expedia CEO Peter Kern speaks to Yahoo Finance. To weather the downturn, it scrambled to .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}raise about $4 billion in capital last spring. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. In fuel prices and consumers are showing signs of curbing spending -- ( business WIRE ) -- at annual!, Director, Writer consumers canceled flights and hotel rooms weekly to your inbox still owns at least units! Is 52, he served as the Chairman and the wider industry might! Also a Certified public Accountant and holds both a B.S values is Choose Fearlessly did their things! And Principal of Alpine Capital LLC an advisor to LiveSafe, Inc. ms. Clinton holds a.. Previously served as President of market Management for EMEA and rapidly expanded the hotel? 're to. Annual partner event, EXPLORE, Expedia, LP, a provider of advice and seed financing for.... Is planning for a boom in travel as more people get vaccinated Vienna,,... House of brands as opposed to discrete businesses that basically compete with one another founder of new Form Digital.. From 1995 to late 2010, mr. Kern is the new set of circumstances that they and travelers themselves. 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