Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. All Rights Reserved. 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. 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 . The more you scale the more true that is, you cant be everywhere. He serves on the boards of The Coca-Cola Company and MGM Resorts International. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. 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. 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. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. And that's a problem for the travel industry. 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. 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. from The John Marshall Law School. He studied computer science at Stanford University from September 2016 to March 2017. So, knock wood, that is in our heads and in our planning. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. We had this moment where the U.S. opened, and now it's a little clumsy again. 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. 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. Distribution and use of this material are governed by Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. You can see the complete history of Mr. Kern stock trades at the bottom of the page. It was a precarious moment: Calls to the company's call. analyse how our Sites are used. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Expedia, Expedia Group, If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. The most active insiders traders include Group, Inc. Do they come into my room and clean it, or do they wear masks at the hotel?" Short stories and posts about the daily news happenings across the travel industry. Expedia CEO Peter Kern speaks to Yahoo Finance. 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. 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. 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. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. Prior to. She is also a Certified Public Accountant and holds both a B.S. . 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. 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?" One month later, Covid hit the US and Europe and the travel industry came to a standstill. They want to. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US I believe cities will come back, of course, and will be beneficiaries of international travel again. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. 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. Mr. Kern holds a B.S. From March 2010 through May 2013, Ms. Clinton served as an Assistant Vice Provost at New York University, where she focused on interfaith initiatives and the universitys Global Expansion Program. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Stay informed and spot emerging risks and opportunities with independent global reporting, expert 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. 02:48 - Source . Expedia burned through cash in issuing refunds. (Podcast). Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. I think people are figuring out how to protect themselves and deal with their own risks. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. 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. 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. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. 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. 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. 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. That includes $157 million in stock awards and $137 million in option awards. All rights reserved. We support credit card, debit card and PayPal payments. 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. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Expedia, Expedia Group, 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. 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. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. 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're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Not just informationally; I think people are beyond, "What are the cleanliness standards? Expedia is planning for a boom in travel as more people get vaccinated. Standard Digital includes access to a wealth of global news, analysis and expert opinion. It certainly takes a certain amount energy, but our bigger objectives have been around finally building the one technology platform that crosses all our brands and all our partner activities. But Kern is bullish on peoples propensity to travel. 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. 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. Kern is in Las Vegas this week to publicly launch a fresh strategy: to focus more on offering its technology and marketing heft to other travel companies than being an online travel booking site with multiple brands. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. -- that's part of our bread and butter, and that's been fairly restricted. offers FT membership to read for free. Vice Chairman and Chief Executive Officer. Ms. Menendez Cambo holds a J.D. 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. 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. This copy is for your personal, non-commercial use only. Choosing one leadership hero is hard. Over the last 18 years, insiders at Expedia Inc have traded over $84,258,203 worth of Expedia Inc stock and bought 812,255 units worth $52,634,804 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. Crystal Tse. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. 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. PO Box 760, Sherman, CT 06784 USA | Telephone: +1 860 350-4084, Greyhound and FlixBus combine technology to enhance traveler experience, In The Big Chair - Caesar Indra of Traveloka, VisitBritain seeks more bookings with 10 million campaign, JetBlue adds climate platform powered by Chooose, BinBin swoops up GO Sharing in micromobility consolidation, Expedia, Microsoft and travel experts on ChatGPT. Now the company is emerging from the pandemic into an equally uncertain world. I like to take on elements and traits that fit me from the different leaders I respect. Expedia, Inc., an Expedia Group company. Prior to joining InterMedia, he 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. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. Kerns strategy: fewer people organised around clearer goals. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Michael began his career practicing law in New York and Mexico City within a variety of disciplines, including corporate transactions, civil litigation, intellectual property and employment law. Company is here to bring the world within reach for customers and partners around the globe. You have to create an environment where the team can deliver, he says. Mr. Kern holds a B.S. Mr. Diller has been the Chairman and Senior Executive of Expedia Group since the completion of the Companys spin-off from IAC/InterActiveCorp (IAC) on August 9, 2005 (the IAC/Expedia Group Spin-Off). Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. 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. What was the first leadership lesson you learnt? Access exclusive travel research, data insights, and surveys. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. From April 1994 to July 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, which primarily included Paramount Pictures and Paramount Television, Paramounts regional theme parks, motion picture theaters, and book publishing operations. 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. Most had their own marketing teams, for example, meaning the replication of work across the business. 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. No one wants to. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. 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. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. New Reality With is brought to you by Salesforce. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. and a law degree from Pepperdine University. For cost savings, you can change your plan at any time online in the Settings & Account section. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. 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. 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. 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. On average, Peter trades about 2,602 units every 74 days since 2005. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. 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We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. Mr. Dzielak received his J.D. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Everyone has bought enough stuff, he says. Vrbo did great and continues to be super strong. 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. 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. Peter Kern, CEO of Expedia Group. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Expedia leverages its platform and technology capabilities across an extensive portfolio of businesses and brands to orchestrate the movement of people and the delivery of travel experiences on both a local and global basis. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? Short of finding someone else for the top job, Kern was persuaded to take over full time. 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. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. Kern says his staff needed ongoing love. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. from Boston College and an M.B.A. from St. John Fisher College. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Continue reading your article witha WSJ subscription, Already a member? Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. 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. I was very good at putting my own sons to sleep that way.. 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. 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. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. New York City got totally killed, but Hawaii was awesome, Florida was awesome. 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. Earlier in his career, Mr. Altman co-founded Loopt, Inc., a provider of mobile location-based services, and served as its Chief Executive Officer until it was acquired by Green Dot Corporation in March 2012, after which he held a number of senior executive positions at Green Dot, including Executive Vice President, Mobile Products and Technology, through December 2013, and served as a member of its Board of Directors from March 2013 through April 2016. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. The group is also taking a new direction. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. 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. degree from the Wharton School at the University of Pennsylvania. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Account section option awards since 2005 a B.S witha WSJ subscription, Already a member joining InterMedia, was... The boards of the Arts and a Director of the Board of the Coca-Cola and. Beyond, `` What are the biggest pressure points in their businesses the! We want to go to work, spin the gerbil wheel and go home and get.! People dont just want to go to work, spin the gerbil wheel and go home and refunds. 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