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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. That includes $157 million in stock awards and $137 million in option awards. Email*. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. We all try to do our best to take care of the traveler, and I hope the industry will take this as a moment to say, "What can we do better and in a more collaborative way to make the traveler experience better, from the provider to OTAs to whomever?" 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. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. The group is also taking a new direction. He studied computer science at Stanford University from September 2016 to March 2017. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. You may change or cancel your subscription or trial at any time online. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. cookies Ms. Clinton has been a director of Expedia Group since March 2017. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. In a matter of months, the former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. Mr. Khosrowshahi also served as director of TripAdvisor, Inc., from the TripAdvisor Spin-Off until February 2013 and The New York Times Company from May 2015 to September 2017. 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. He has been vice chairman since 2018, and a board member since 2005. It used to be like a college basketball coach or football coach but now a sommelier would be better. 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. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. 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. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. (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 . 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. 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. "I'm famously good at putting babies to sleep. 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. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. 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. 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. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. 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. While at Williams-Sonoma, Ms. Whalen built deep financial expertise while driving meaningful shareholder returns and success in a global retail environment across multiple brands and channels. offers FT membership to read for free. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. Now, there is one centralised marketing hub working on all the Expedia brands. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. Mr. Dolgen began his career in the entertainment industry in 1976 and, until joining the Viacom Entertainment Group, served in a variety of executive positions at Columbia Pictures Industries, Inc., Twentieth Century Fox and Fox, Inc., and Sony Pictures Entertainment. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. 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. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. 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. 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. 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. But trying to be all things was slowing down our company. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. Choosing one leadership hero is hard. But I wouldn't say, universally, we're as strong as we want. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Mr. Dzielak has served as Expedia Groups Chief Legal Officer and Secretary since March 2018, previously serving as its Executive Vice President, General Counsel and Secretary since April 2012. 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. 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. 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. All other trademarks are property of their respective owners. degree from the Wharton School at the University of Pennsylvania. 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. 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. Most had their own marketing teams, for example, meaning the replication of work across the business. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. 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. 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. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. (Podcast). Kerns strategy: fewer people organised around clearer goals. You can still enjoy your subscription until the end of your current billing period. Expedia Group CEO Peter Kern. Mr. Kern holds a B.S. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Expedia CEO Peter Kern. Compare Standard and Premium Digital here. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Recognized as a transformative technology executive,Rathioversaw Verizon Medias global technology strategy, leading the companys continued innovations in 5G while also managing the platform technology and infrastructure. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. 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. our Subscriber Agreement and by copyright law. There is only winning or learning. 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. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. Expedias rival Booking.com had higher profits and half the fixed cost base. From July 2004 until April 2010, Mr. Dolgen was a Senior Advisor to Viacom, Inc., a worldwide entertainment and media company, where he provided advisory services to the chief executive officer on an as-requested basis. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. 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. She is also a Certified Public Accountant and holds both 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. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. That includes $157 million in stock awards and $137 million in option awards. Chief Financial Officer, Expedia Group, Inc. 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. So, kudos to science and innovation and ingenuity. We're also pushing on the brand front. Since July 2004, Mr. Dolgen has been a private investor. 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. 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. 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. from Cornell University and a J.D. The most active insiders traders include Group, Inc. But, like the ebb and flow of omicron, some countries put up restrictions, others change the rules, and the traveler thinks, "What does it mean to me, can I cancel, can I not?" Expedia prepares for post-pandemic travel surge. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. He is also a member of The Business Council. They want to. 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. The more you scale the more true that is, you cant be everywhere. So, knock wood, that is in our heads and in our planning. Fri, Feb 10 202311:47 AM EST. . Prior to joining SoftBank, Ms. Menendez Cambo served in various leadership roles at the law firm of Greenberg Traurig, LLP, including as Vice Chair and as a member of the firm's Executive Committee. Mr. Jacobson is a founding partner at the law firm of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P., where he has practiced entertainment law for the past 32 years. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Mr. Dolgen was a director of Ticketmaster from August 2008 through its merger with Live Nation, Inc. in January 2010 and thereafter a director of Live Nation, Inc. through June 2018. I think people are figuring out how to protect themselves and deal with their own risks. 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. Access exclusive travel research, data insights, and surveys. Short of finding someone else for the top job, Kern was persuaded to take over full time. 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 is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. She has also served as chairperson of the Card Policy Council of the American Bankers Association and board chair of the Council of Urban Professionals. Previously, Mr. Kern was . 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. Leisure has, weirdly, started to replace business in the front of the plane. That its OK to make mistakes. 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. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. 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. . Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. All the data shows that. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Check if your Expedia CEO Peter Kern speaks to Yahoo Finance. Kern says his staff needed ongoing love. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 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. 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. feel like they are making a difference, he explains. 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The total compensation amounts were included in proxy statements last month. from New York University. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. 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. 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's discussion with PhocusWire's Kevin May will broadcast LIVE . Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Domestic was tremendously strong for us. 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