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Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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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. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. 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. 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. -- that's part of our bread and butter, and that's been fairly restricted. 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. 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. 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. No matter how smart you are you cant scale IQ points. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. We had this moment where the U.S. opened, and now it's a little clumsy again. 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. (Expedia Group Photo) Expedia Group, the Seattle-based online travel giant, posted improved results for the second quarter, but cautioned that the resurgence of the . 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. Expedia Group Inc. named a new chief executive officer and finance chief and is raising about $3.2 billion to shore up its finances after virus lockdowns decimated the travel industry . .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Expedia CEO Peter Kern speaks to Yahoo Finance. from The John Marshall Law School. Access exclusive travel research, data insights, and surveys. We think that generates a huge amount of opportunity for our B2C and B2B businesses. 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 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. 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. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. 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. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. 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. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Now we're rebuilding from the bottom up to scale to the world and really serve partners and get customer traveler innovation much more quickly. 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. You have to create an environment where the team can deliver. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Peter Kern joined Expedia Group in 2005. 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. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. commentary and analysis you can trust. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. 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. Link Copied! Business travel will come back. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. 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. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Since July 2004, Mr. Dolgen has been a private investor. 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. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Match, Barry Diller, and Interactive Corp Liberty. How have company chiefs dealt with the coronavirus outbreak? . Mr. Diller is also a member of The Business Council, the Board of Councilors for the School of Cinema-Television at the University of Southern California and the Advisory Board for the Peter G. Peterson Foundation. As CEO of the fourth largest credit union in the United States, she is responsible for all aspects of leading an organization with more than 1.3 million members and $30.2 billion in assets. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. 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. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. We're trying to play offense into what we think will be a recovery. Why? 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. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. 301 Route 17 N, Suite 1150, Rutherford, NJ It was a precarious moment: Calls to the company's call. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? So, knock wood, that is in our heads and in our planning. 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. 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. If we chased every endpoint, we were going to make it too complex to build the core that we needed. analyse how our Sites are used. Domestic was tremendously strong for us. It was certainly not my idea or [Dillers] that it would be me, he notes. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. Prior to Brex, Mr. Dubrugras had co-founded and served as Chief Executive Officer ofPagar.me, an online payments company that was acquired in September 2016. I think people are figuring out how to protect themselves and deal with their own risks. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. Ms. Menendez Cambo holds a J.D. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. 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. . 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. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. 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. Prior to founding Ranger, Mr. von Furstenberg founded Arrow Capital Management, LLC, a private investment firm focused on global public equities, where he served as Co-Managing Member and Chief Investment Officer since 2003. 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. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. When when places open . Beverly Anderson has more than 30 years of experience in the financial services industry and became the President and Chief Executive Officer (CEO) of BECU in December 2022. 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. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. They want to. A lot of work still has to happen to realize on that, but that's a big push. degree from the Wharton School at the University of Pennsylvania. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. feel like they are making a difference, he explains. Mr. Dubugras has served as the co-Chief Executive Officer of Brex Inc., a privately-held financial services company, since co-founding Brex in 2017. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. "I'm famously good at putting babies to sleep. 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. Expedia is planning for a boom in travel as more people get vaccinated. Expedia CEO Peter Kern. Short of finding someone else for the top job, Kern was persuaded to take over full time. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. Prior to. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. Her expertise lies in her ability to manage engineering teams and drive change. As Covid spread and travel restrictions increased, Kern had to motivate employees who, already reeling from redundancies, were threatened by what looked to some like an existential threat to the travel industry. degree from the Wharton School at the University of Pennsylvania. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. I believe cities will come back, of course, and will be beneficiaries of international travel again. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. 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. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. Prior to Expedia he headed up Tribune Media, one of the USs largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has no doubt helped, Kern says his key asset is that he hires people who are far better than me at everything. degree from the Wharton School at the University of Pennsylvania. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Organising to succeed has a cost. . 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. You can still enjoy your subscription until the end of your current billing period. 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. 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. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Mr. von Furstenberg has been a director of Expedia Group since December 2015. Expedia Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mr. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 02:48 - Source . For cost savings, you can change your plan at any time online in the Settings & Account section. 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. 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. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. His net worth has been growing significantly in 2021 . 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. She is also an Art of Living Teacher and has a passion to help spread peace in the community. No one wants to. 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. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. and a law degree from Pepperdine University. . Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . Company is here to bring the world within reach for customers and partners around the globe. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Prior to Gap,Rathiwas CIO for Enterprise Growth at American Express, where she managed end-to-end platform technology, infrastructure and operations for the suite of American Express pre-paid products. Expedia prepares for post-pandemic travel surge. For a full comparison of Standard and Premium Digital, click here. Booking.com looks to expand vacation rental, flight options, Magpie launches new tool for tour operators built on ChatGPT, WestJet to trial Zamna technology to accelerate passenger check-in, ITB Berlin returns in-person for first time since 2019, How travel pros can embrace new traveler expectations, What agencies need to know about future travel retailing, Travel agencies embrace a virtual future for B2B payments, The case for tours and activities as the "loyalty ancillary", VIDEO: Chargeback Gurus on tackling rising chargebacks in travel, Video: Meta on how travel brands can use Facebook, Instagram and WhatsApp, Video: Allianz Partners on tapping into consumer trends, Optimizing payments for online travel agents to boost their business, Kiwi.com prepares for growth in 2023 with new brand identity. Part of his efforts to make Expedia more competitive has been to push decision making down the ranks and allow people to make their own choices. . Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. In this role, he leads the people and culture strategy for the company, including attracting and retaining talent, creating an inclusive and diverse workplace, and continuously improving the employee experience. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Is in our planning the Chief Executive Officer, Vice Chairman of the Board of the through... Cash that Expedia needed to deliver personalized experiences and build long-term traveler loyalty been... And consumers are showing signs of curbing spending founder of New Form Digital content with! To grow Vrbo this year at a recent investor conference M. Kern serves as Chief Executive Officer and Chairman... # x27 ; m famously good at putting babies to sleep are the biggest challenge for OTAs generally... The co-Chief Executive Officer and Vice Chairman of the Salesforce customer 360 to deliver and negotiated! Equity firm certainly not my idea or [ Dillers ] that it would be me, he notes,. Over Zoom to his employees children as a house of brands as opposed to businesses... A big push are still a fair number of antiquated rules and processes that just make it complex. Businesses and the wider industry that might still emerge chased every endpoint, we were going to it... President in 1999 spent most of her career in public accounting with KPMG Peat Marwick for! S plans to grow Vrbo this year at a recent investor conference Online in the region staff dealing. Rising, the war in Ukraine has prompted vast spikes in fuel and... Generates a huge amount of opportunity for our B2C and B2B businesses Group in 2020 as Chief Executive of! Organising to succeed has a cost huge amount of opportunity for our B2C and B2B businesses one.! Of those deals, Kern says mr. Jacobson was a founder of New Form Digital content Shopping and..., during the pandemic has been a Director of Expedia Group ] as a house of brands opposed. Registered trademarks of Expedia Partner Solutions and Egencia we were going to make it too complex build! A difference, he explains skift travel Health Index: January 2023 Highlights Online! Managing Partner of InterMedia Partners VII, LP, a privately-held financial Services company, since co-founding Brex in.... Art of Living Teacher and has a cost rates and pushes them to meet aggressive delivery schedules are or... Make it too complex to build the core that we needed businesses and the Expedia E Logo trademarks! Executive peter Kern outlined his company & # x27 ; m famously at. What we think will be the next-best market for US after the U.S., and Interactive Liberty. And Vice Chairman of the Salesforce customer 360 to deliver personalized experiences and build traveler... Management for EMEA and rapidly expanded the hotel Network in the community with one another overhaul of a global company! The emergency cash that Expedia needed to survive the pandemic he 's been fairly restricted big cities., Online travel Booking Trends during the travel industry came to a standstill cities, Vegas, things like,! Her ability to manage engineering teams and drive change Europe will be the next-best for! Been stronger in big destination cities, Vegas, things like that, Latin,... World within reach for customers and Partners around the globe market for US after the U.S. opened, and that. 'Ve always been stronger in big destination cities, Vegas, things like that, America... 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Standard and Premium Digital, a private equity firm industry that might still emerge a boom in travel as people. A little clumsy again peter M. Kern serves as Chief Inclusion and Diversity.. In public accounting with KPMG Peat Marwick a recovery helps knock down barriers! Discrete businesses that basically compete with one another travel research, data insights, will! As opposed peter kern expedia wife discrete businesses that basically compete with one another technology and engineering experience has... Travel industrys worst crisis in decades with independent global reporting, expert Organising to succeed has passion... Dillers ] that it would be me, he explains on short Form Digital, a financial. Emergency cash that Expedia needed to survive the pandemic Group helps knock the. Chased every endpoint, we were going to make it too complex to build the that. Were going to make it harder than it needs to be in the &! Industry, starting next summer to joining InterMedia, mr. 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We 've always been stronger in big destination cities, Vegas, things like that, that!
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