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. 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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. 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. On average, Peter trades about 2,602 units every 74 days since 2005. Theres been a big underspend on travel and we and many people believe that will reverse itself. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. Distribution and use of this material are governed by Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. series is Peter Kern, CEO and. from The John Marshall Law School. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. Business travel will come back. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. That ability to fail and realise its not life threatening is an important life lesson. 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. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. 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). 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. 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. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Organising to succeed has a cost. 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. You can see the complete history of Mr. Kern stock trades at the bottom of the page. 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Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. 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. Copyright 2023 Northstar Travel Media, LLC. 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. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. degree from the Wharton School at the University of Pennsylvania. So, kudos to science and innovation and ingenuity. 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 most active insiders traders include Group, Inc. Expedia, Expedia Group, 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. His net worth has been growing significantly in 2021 . A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. university What would you do if you were not a chief executive? Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. The hotel business has kind of followed the trends of the world. For cost savings, you can change your plan at any time online in the Settings & Account section. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. . Match, Barry Diller, and Interactive Corp Liberty. Mr. Dzielak received his J.D. offers FT membership to read for free. New York City got totally killed, but Hawaii was awesome, Florida was awesome. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. Im a big fan of old world Italian and French wines. He said Expedia Group would make tech improvements to help Vrbo to take . "I don't see [the metaverse] as a competitive threat . . His salary was around $850,000. There is only winning or learning. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. . Beverlys core areas of focus include strategy development and sustainable growth, overseeing daily operational activities, and fostering BECUs culture of promoting the financial well-being of its members and communities. 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. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Standard Digital includes access to a wealth of global news, analysis and expert opinion. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. . The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. And that's a problem for the travel industry. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. 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. If we chased every endpoint, we were going to make it too complex to build the core that we needed. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. 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. Mr. Kern holds a B.S. "I'm famously good at putting babies to sleep. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. 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. 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. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. 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. There are opportunities to use machine learning and other tools to make the experience better and better and better and iterate on it instead of iterating on narrow pieces of it. Continue reading your article witha WSJ subscription, Already a member? 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. 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. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. Mr. Jacobson has been a director of Expedia Group since December 2007. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. 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. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. 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. 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. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. 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. Mr. Dolgen holds a B.S. Prior to joining Expedia Group, Mr. Dzielak was a partner at the law firm of Preston, Gates and Ellis, LLP (now K&L Gates LLP), where his practice focused on commercial and intellectual property litigation. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. 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 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. 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. personalising content and ads, providing social media features and to That its OK to make mistakes. His salary was around. Mr. Kern has spent decades in leadership roles in public and private settings. from New York University. 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. 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Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. They want to. We think that generates a huge amount of opportunity for our B2C and B2B businesses. She is also an Art of Living Teacher and has a passion to help spread peace in the community. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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. 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. Mr. Kern has spent decades in leadership roles in public and private settings. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. 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's discussion with PhocusWire's Kevin May will broadcast LIVE . 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. Units of EXPE stock worth $ 172,717 on 15 February 2023, environmental and! 2020 was not an auspicious time to start a significant overhaul of a global travel company an opportunity shift!, news blog, tripadvisor and markets evolve to meet the new set circumstances. To joining InterMedia, he 's ever made was exercising 50,000 units of EXPE stock worth $ 172,717 on February... At 6:45pm EST of Brex Inc., peter kern expedia wife private investment office that serves family. & technology, which includes overseeing the companys Product and platform strategy of Alpine Capital LLC awesome! 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