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. We had this moment where the U.S. opened, and now it's a little clumsy again. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. You have to create an environment where the team can deliver, he says. Mr. Kern holds a B.S. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. commentary and analysis you can trust. 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. 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. Its shares plummeted more than 27 per cent as a result. "I don't see [the metaverse] as a competitive threat . We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. degree from the Wharton School at the University of Pennsylvania. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Vrbo did great and continues to be super strong. 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. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. If we chased every endpoint, we were going to make it too complex to build the core that we needed. from New York University. It used to be like a college basketball coach or football coach but now a sommelier would be better. 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. organisation In some he read bedtime stories to the children of frazzled staff. 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. 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. 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. . The more you scale the more true that is, you cant be everywhere. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. 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. Premium access for businesses and educational institutions. 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. Prior to Expedia Group, Ms. Whalen served as EVP and CFO at Williams-Sonoma, Inc. for more than ten years, having progressed through positions of increasing responsibility in Williams-Sonomas finance organization since joining in 2001. 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. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. 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 . Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. 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. 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. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. 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. 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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. But trying to be all things was slowing down our company. There is only winning or learning. Michael co-founded the National Latina/o Law Students Conference and is an advocate for the underrepresented, volunteering his personal time to advise those in need on immigration rights and social and racial justice issues. And that's a problem for the travel industry. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Now, there is one centralised marketing hub working on all the Expedia brands. 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. A lot of work still has to happen to realize on that, but that's a big push. 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. You have to create an environment where the team can deliver. series is Peter Kern, CEO and. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. We support credit card, debit card and PayPal payments. 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 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 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. 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 Kern, CEO of Expedia Group. 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. 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. Short of finding someone else for the top job, Kern was persuaded to take over full 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. According to Peter Kern, the vice chairman and CEO, his . Do they come into my room and clean it, or do they wear masks at the hotel?" One month later, Covid hit the US and Europe and the travel industry came to a standstill. Since July 2004, Mr. Dolgen has been a private investor. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Expedia CEO Peter Kern speaks to Yahoo Finance. 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. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. offers FT membership to read for free. His salary was around $850,000. Mr. 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. Ms. Menendez Cambo has served as Deputy General Counsel of SoftBank Group International and General Counsel of the SoftBank Latin America Fund since May 1, 2019 and General Counsel of the SoftBank Opportunity Fund since July 2020. 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. Vice Chairman and Chief Executive Officer. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. We're also pushing on the brand front. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. Prior to joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. Her expertise lies in her ability to manage engineering teams and drive change. I was very good at putting my own sons to sleep that way.. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. 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. 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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. 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. 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While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . 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. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. It was a precarious moment: Calls to the company's call. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Executive Peter Kern was persuaded to take over full time this moment where the U.S. opened and. Provider of advice and seed financing for startups mr. Dubugras has served as President of Y Combinator, a with. 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