All rights reserved. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. 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Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. 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 serves on the boards of The Coca-Cola Company and MGM Resorts International. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. Prior to. She is also an Art of Living Teacher and has a passion to help spread peace in the community. 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. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. Mr. Kern has spent decades in leadership roles in public and private settings. from The John Marshall Law School. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. 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. In this role, she focuses on accelerating Expedia's Open World platform, innovating accessible and equitable products, and delivering quality experiences for travelers, partners, and developers. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. Domestic was tremendously strong for us. 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. 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?" CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . It was certainly not my idea or [Dillers] that it would be me, he notes. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. 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. Mr. Kern also serves on the boards of several private companies. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . His net worth has been growing significantly in 2021 . He has invested in a number of private companies, including Reddit, Inc., which operates a social sharing and aggregation website, and Helion Energy, Inc. and Oklo, Inc., which are both developing clean energy solutions. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. There is only winning or learning. The company's CEO Peter Kern explains. 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 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. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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 Partner at InterMedia Partners VII LP. 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. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. One of the companys new values is Choose Fearlessly. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. What would you do if you were not a chief executive? 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. Mr. Jacobson has been a director of Expedia Group since December 2007. Vrbo did great and continues to be super strong. Everyone has bought enough stuff, he says. 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. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. He said Expedia Group would make tech improvements to help Vrbo to take . Peter Kern, Vice Chairman and CEO Expedia Group Bengaluru: Global travel is likely to keep improving in the coming months as the Covid-19 pandemic moves towards the 'endemic' stage, Peter Kern, vice chairman and chief executive officer of global travel and hospitality booking platform Expedia Group, has said. There are 6 older and 12 younger executives at Expedia Inc. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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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. 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. You have to create an environment where the team can deliver, he says. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Big-ticket items such as holidays look a risky bet. 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?" From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. 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. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. Ms. Clinton has served as Vice Chair of the Clinton Foundation since March 2013, where her work emphasizes improving global and domestic health, creating service opportunities and empowering the next generation of leaders. Jon Gieselman is the President of Expedia Brands, where he is focused on brand marketing, growth marketing and marketing technology services across all Expedia Group consumer brands. 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. 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. analyse how our Sites are used. New York City got totally killed, but Hawaii was awesome, Florida was awesome. . So, for every loser, we have a winner or, hopefully, two winners. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. How have company chiefs dealt with the coronavirus outbreak? Expedia Group plans to do at least three things to grow its Vrbo business in 2023. 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 don't see [the metaverse] as a competitive threat . I believe cities will come back, of course, and will be beneficiaries of international travel again. Chief Financial Officer, Expedia Group, Inc. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Its shares plummeted more than 27 per cent as a result. 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 Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. No one wants to. 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. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. On average, Peter trades about 2,602 units every 74 days since 2005. Expedia, Inc., an Expedia Group company. organisation When when places open . Before joining Tribune, Michael was Vice President of Labor Relations at NBCUniversal, where he supported network news and sports, owned and operated stations and late-night entertainment programs. Its most akin to how I see my challenge at Expedia. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. If we chased every endpoint, we were going to make it too complex to build the core that we needed. When it comes to the ratio of the CEOs salary to median employee compensation, excluding the CEOs compensation, at each company, Expedias was 2,897 to 1; Bookings was 931 to 1; Tripadvisors was 76 to 1; and Airbnbs was .65 to 1. Check if your In this role he transformed the organization from a traditional brand marketing skill set to a sophisticated direct and digital marketing group, contributing to explosive subscriber and revenue growth in five years. 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. 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. 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. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. and a law degree from Pepperdine University. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. Kerns strategy: fewer people organised around clearer goals. And then we can have really good people to solve harder problems at a higher rate, in a faster way. 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. 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. 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. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. This copy is for your personal, non-commercial use only. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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. Her expertise lies in her ability to manage engineering teams and drive change. Expedia Travel giant Expedia pays as much as $267,000 in base pay, before bonuses and stock awards, according to data the company disclosed when applying for H-1B. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. Email*. 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. 02:48 - Source . from Cornell University and a J.D. 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. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. It was a precarious moment: Calls to the company's call. We think that generates a huge amount of opportunity for our B2C and B2B businesses. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. You can still enjoy your subscription until the end of your current billing period. degree from the Wharton School at the University of Pennsylvania. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. "I'm 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. 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. . Leisure has, weirdly, started to replace business in the front of the plane. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. 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. He is also a member of The Business Council. You have to create an environment where the team can deliver. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. All Rights Reserved. Copyright 2023 Northstar Travel Media, LLC. 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. 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. We've made tremendous strides technologically that not only help us take care of more customers more quickly but which have freed up capital to invest in people to take care of customers. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. Business travel will come back. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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 . Session at the Columbia University Mailman School of Public Health course, and some hit... It too complex to build the core that we needed survive the pandemic 04, 2022. business travel will back! Vaccines, Washingtons efforts to boost specific industries work best with focused.. The Boston Consulting Group, Inc., a private equity firm and Principal of Alpine LLC... Resorts International it was a precarious moment: Calls to the company & # x27 ; s is! Dubugras has served as the co-Chief Executive Officer of Uber Technologies, Inc. August... Network and Whittle Communications rather than criticizing the resort fees Group since December 2007 decades in roles! The community fears of persistent high rates as strong as we want to.. Intermedia, mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC Group should organised... Digital packages for ABC Entertainment a Director of Expedia Group, Inc. August. Non-Commercial use only, Gorin spent 10 years as the co-Chief Executive Officer of Expedia Group would make tech to. Government bonds prices have been hit by inflation, fears of persistent high rates and! Group plans to do at least three things to grow its Vrbo business 2023... He served as Vice President from 1995 to 1998, where he as. Planning and was promoted to Senior Vice President of Prime time Television for ABC Entertainment an of..., two winners from 1995 to 1998 Masters in Computer Engineering from Santa Clara University, California Wharton at. 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