Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Now, there is one centralised marketing hub working on all the Expedia brands. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. She most recently served as CTO for Verizon Media. 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. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. Im a big fan of old world Italian and French wines. It was certainly not my idea or [Dillers] that it would be me, he notes. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. degree from the Wharton School at the University of Pennsylvania. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Mr. Jacobson is a member of the Board of Directors of Charter Communications, Inc., Tribune Media Company, Oaktree Specialty Lending Corporation and Oaktree Strategic Income Corporation. The company's CEO Peter Kern explains. 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. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. But I wouldn't say, universally, we're as strong as we want. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. He is also a member of The Business Council. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. -- that's part of our bread and butter, and that's been fairly restricted. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. We're also pushing on the brand front. But Kern is bullish on peoples propensity to travel. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. In the 10 weeks after the shutdown of travel in Europe and the US in March 2020, Expedia handled 22mn calls and messages, more than double its usual rate. His salary was around. You have to create an environment where the team can deliver. . 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?" A lot of work still has to happen to realize on that, but that's a big push. 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 Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. 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. Gieselman served as a director of Expedia Group from December 2019 to May 2021. 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. 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. 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. Kerns strategy: fewer people organised around clearer goals. All Rights Reserved. It also doesn't create waste and may help fight the climate crisis. Mr. Jacobson has been a director of Expedia Group since December 2007. All this change creates traveler pain and also creates company pain because you've got to service customers, and they're needing service at much more elevated levels. "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. von Furstenberg has been a director of Expedia Group since December 2015. 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. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. She currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. What will ChatGPT mean for the travel industry? 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). We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. 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. . No one wants to. from Cornell University and a J.D. 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. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. 02:48 - Source . According to Peter Kern, the vice chairman and CEO, his . Its most akin to how I see my challenge at Expedia. Company is here to bring the world within reach for customers and partners around the globe. 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. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. 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. And then we can have really good people to solve harder problems at a higher rate, in a faster way. Its shares plummeted more than 27 per cent as a result. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. Her expertise lies in her ability to manage engineering teams and drive change. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. All other trademarks are property of their respective owners. . He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. The bedtime stories were his wifes idea, he admits on our call. Short of finding someone else for the top job, Kern was persuaded to take over full time. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Mr. Kern also serves on the boards of several private companies. 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. 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. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. It used to be like a college basketball coach or football coach but now a sommelier would be better. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. Mr. Kern holds a B.S. (Podcast). .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. 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. 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. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. 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. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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. 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. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. But trying to be all things was slowing down our company. What was the first leadership lesson you learnt? . I think we'll be coming out of this meaningfully improved as an industry, starting next summer. That includes $157 million in stock awards and $137 million in option awards. In some he read bedtime stories to the children of frazzled staff. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. Premium access for businesses and educational institutions. 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. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Domestic was tremendously strong for us. 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. 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 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. 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 Email*. 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. Stay informed and spot emerging risks and opportunities with independent global reporting, expert He said Expedia Group would make tech improvements to help Vrbo to take . Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. The hotel business has kind of followed the trends of the world. Expedias rival Booking.com had higher profits and half the fixed cost base. Mr. Kern holds a B.S. Mr. Diller held the positions of Chairman of the Board and Chief Executive Officer of IAC and its predecessors since August 1995 and ceased serving as Chief Executive Officer in November 2010. The group is also taking a new direction. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. or So, knock wood, that is in our heads and in our planning. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. 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 The next guest on theNew Reality Withseries is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. . Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. You step into a job, you assume that you have to be perfect and then you screw something up or something doesnt go your way but you survive and you move past it and you learn from it. 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'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. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Chief Financial Officer, Expedia Group, Inc. 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. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. 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. That includes $157 million in stock awards and $137 million in option awards. All rights reserved. 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 . 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. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Mr. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Kern says his staff needed ongoing love. Peter Kern, CEO of Expedia Group. Oceania further cements itself as a cruise line for foodies, bestowing the honor of Vista godmother on the celebrity chef and Tourism officials and suppliers say that the impact of the crisis on vacationing visitors has been minimal, if not nonexistent. No matter how smart you are you cant scale IQ points. How have company chiefs dealt with the coronavirus outbreak? 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. 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. At the moment, I admire Microsofts CEO Satya Nadella and his work reviving Microsoft from sleeping giant to moving it into the cloud, and reimagining the company. Expedia prepares for post-pandemic travel surge. 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. 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