. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. Mr. Diller served as the non-executive Chairman of the Board of Ticketmaster Entertainment, Inc. from 2008 to 2010, when it merged with Live Nation, Inc. to form Live Nation Entertainment, Inc. Mr. Diller served as the non-executive Chairman of the Board of Live Nation Entertainment, Inc. from January 2010 to October 2010 and was a member of its Board until January 2011. This copy is for your personal, non-commercial use only. 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. Dzielak received his J.D. On average, Peter trades about 2,602 units every 74 days since 2005. offers FT membership to read for free. 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. Prior to her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. Not just informationally; I think people are beyond, "What are the cleanliness standards? 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. Dolgen holds a B.S. degree from the Wharton School at the University of Pennsylvania. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. 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. Theres been a big underspend on travel and we and many people believe that will reverse itself. Expedia Group Inc. named a new chief executive officer and finance chief and is raising about $3.2 billion to shore up its finances after virus lockdowns decimated the travel industry . Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. I think people are figuring out how to protect themselves and deal with their own risks. It was a precarious moment: Calls to the company's call. Mr. Kern holds a B.S. 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. . Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. degree from the Wharton School at the University of Pennsylvania. You have to create an environment where the team can deliver, he says. 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. Vrbo did great and continues to be super strong. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. Organising to succeed has a cost. She is also an Art of Living Teacher and has a passion to help spread peace in the community. 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. 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. 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 Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Mr. Kern holds a B.S. "I don't see [the metaverse] as a competitive threat . from New York University. 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. 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. In some he read bedtime stories to the children of frazzled staff. 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. There is only winning or learning. All rights reserved. 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. 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. Prior to. How have company chiefs dealt with the coronavirus outbreak? On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. 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. 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. According to Peter Kern, the vice chairman and CEO, his . 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. Access exclusive travel research, data insights, and surveys. She is also a Certified Public Accountant and holds both a B.S. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Compare Standard and Premium Digital here. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. 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. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. 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. series is Peter Kern, CEO and. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Expedias rival Booking.com had higher profits and half the fixed cost base. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. 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. Do they come into my room and clean it, or do they wear masks at the hotel?" Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. 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. What would you do if you were not a chief executive? I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. 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. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. In a matter of months, the former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. The more you scale the more true that is, you cant be everywhere. Its shares plummeted more than 27 per cent as a result. Check if your Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the creation of Fox Broadcasting Company in addition to Fox's motion picture operations. 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. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Expedia prepares for post-pandemic travel surge. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. There are 6 older and 12 younger executives at Expedia Inc. 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. He serves on the boards of The Coca-Cola Company and MGM Resorts International. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Peter Kern, CEO of Expedia Group. She most recently served as CTO for Verizon Media. cookies Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Ms. Clinton has been a director of Expedia Group since March 2017. Everyone has bought enough stuff, he says. feel like they are making a difference, he explains. 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. He said Expedia Group would make tech improvements to help Vrbo to take . 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. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . "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. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. 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. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. It also doesn't create waste and may help fight the climate crisis. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Expedia CEO Peter Kern speaks to Yahoo Finance. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. 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. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. 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. 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. You have to create an environment where the team can deliver. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. We had this moment where the U.S. opened, and now it's a little clumsy again. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. Fri, Feb 10 202311:47 AM EST. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Why? On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Most had their own marketing teams, for example, meaning the replication of work across the business. 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. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. That ability to fail and realise its not life threatening is an important life lesson. Vice Chairman and Chief Executive Officer. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. Kerns strategy: fewer people organised around clearer goals. One of the companys new values is Choose Fearlessly. You can see the complete history of Mr. Kern stock trades at the bottom of the page. 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 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. All Rights Reserved. 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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. Mr. Kern also serves on the boards of several private companies. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. 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. university Domestic was tremendously strong for us. Mr. Peter M. 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