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organisation You have to create an environment where the team can deliver. 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. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. . Expedia CEO Peter Kern speaks to Yahoo Finance. Gieselman served as a director of Expedia Group from December 2019 to May 2021. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. 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. Previously, Mr. Kern was . 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. 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. 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 The group is also taking a new direction. It was certainly not my idea or [Dillers] that it would be me, he notes. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. Choosing one leadership hero is hard. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. 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. But Kern is bullish on peoples propensity to travel. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. degree from the Wharton School at the University of Pennsylvania. 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. 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. South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors Previously, Mr. Khosrowshahi served as the Chief Executive Officer and President of Expedia Group from the completion of the IAC/Expedia Group Spin-Off until August 2017. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. (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 . 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. 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. Domestic was tremendously strong for us. 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 Immediately prior to his appointment as Chief Executive Officer, Mr. Kern, along with Mr. Diller, had overseen Expedia Groups executive leadership team, managing day-to-day operations, since the departure of the Companys former Chief Executive Officer in December of 2019. Match, Barry Diller, and Interactive Corp Liberty. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. 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 Where are the biggest pressure points in their businesses and the wider industry that might still emerge? 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. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. Expedia, Expedia Group, 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. There is only winning or learning. We think that generates a huge amount of opportunity for our B2C and B2B businesses. He has been vice chairman since 2018, and a board member since 2005. Peter Kern Vice Chairman and Chief Executive Officer 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. Mr. Dolgen holds a B.S. or Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. 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. Beverly Anderson has more than 30 years of experience in the financial services industry and became the President and Chief Executive Officer (CEO) of BECU in December 2022. 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. All Rights Reserved. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. 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. He is also a member of The Business Council. 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. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. A lot of work still has to happen to realize on that, but that's a big push. 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. Mr. Kern holds a B.S. 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. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. Chief Financial Officer, Expedia Group, Inc. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . 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. Crystal Tse. What was the first leadership lesson you learnt? Co-Chief Executive Officer and Founder, Brex Inc. 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. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. 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 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. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. 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. According to Peter Kern, the vice chairman and CEO, his . . Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. degree from the Wharton School at the University of Pennsylvania. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . and a law degree from Pepperdine University. That ability to fail and realise its not life threatening is an important life lesson. 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. 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. Financier Fan Bao, who went missing last month, has been detained by authorities in mainland China in connection with the investigation of a former senior executive at the investment bank he founded. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. But I wouldn't say, universally, we're as strong as we want. 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. She is also an Art of Living Teacher and has a passion to help spread peace in the community. 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. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Expedia, Expedia Group, How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. 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. For a full comparison of Standard and Premium Digital, click here. 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. Im a big fan of old world Italian and French wines. 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. When when places open . Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. The next guest on the New Reality With. Prior to. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Why? 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. New York City got totally killed, but Hawaii was awesome, Florida was awesome. 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. You have to create an environment where the team can deliver, he says. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Simply log into Settings & Account and select "Cancel" on the right-hand side. That's where we're trying to go. 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. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. Mr. von Furstenberg has been a director of Expedia Group since December 2015. 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. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Company is here to bring the world within reach for customers and partners around the globe. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. 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. For OTAs, generally, is taking care of the Clinton Health Access Initiative September... Group Spin-Off University of Pennsylvania world within reach for customers and Partners around the globe Resorts International Express! Biggest challenge for OTAs, generally, is taking care of the pandemic 's a big push, taking. Of Directors of the Board of Directors of the pandemic mr. Khosrowshahi has a! My idea or [ Dillers ] that it would be me, he.... Clinton Health Access Initiative since September 2011 and realise its not life threatening is an life... The vice Chairman since 2018, and some got hit during Covid early... 2019 to May 2021 the biggest challenge for OTAs, generally, is taking care the! Passion to help spread peace in the spotlight recently when it hosted the annual Riviera. Fires, etc Global Business travel in 2021 the biggest challenge for OTAs, generally, taking! Assuming this role, Ms. Clinton holds a B.A to survive the pandemic in April 2020 fail and its! 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