He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. In March 1983, in addition to Paramount, Mr. Diller became President of the conglomerate's newly formed Entertainment and Communications Group, which included Simon & Schuster, Inc., Madison Square Garden Corporation and SEGA Enterprises, Inc. 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We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. Gieselman served as a director of Expedia Group from December 2019 to May 2021. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. There is only winning or learning. So, for every loser, we have a winner or, hopefully, two winners. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. personalising content and ads, providing social media features and to The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. 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?" Mr. Kern also serves on the boards of several private companies. Gieselman holds a B.A. That includes $157 million in stock awards and $137 million in option awards. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. All Rights Reserved. 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. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. and other data for a number of reasons, such as keeping FT Sites reliable and secure, We're also pushing on the brand front. Link Copied! series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. Domestic was tremendously strong for us. Her expertise lies in her ability to manage engineering teams and drive change. 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. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Kern says his staff needed ongoing love. 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. Khosrowshahi also served as director of TripAdvisor, Inc., from the TripAdvisor Spin-Off until February 2013 and The New York Times Company from May 2015 to September 2017. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Mr. Kern holds a B.S. 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. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. 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. Kern owns over 1,585 units of Expedia Inc stock worth over $172,717 and over the last 18 years he sold EXPE stock worth over $0. I think the U.S. will stay a steadfast and strong market for us. 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. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. I think people are figuring out how to protect themselves and deal with their own risks. 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. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. 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. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. 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, who had known Diller for about 20 years, was tasked with curing a company that Diller described as bloated and sclerotic. 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. The bedtime stories were his wifes idea, he admits on our call. 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. 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 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. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. He started out on the finance side of business, first meeting Diller when he headed up the finance department at the TV station Home Shopping Network. Chief Financial Officer, Expedia Group, Inc. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. 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. series is Peter Kern, CEO and. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Mr. Kern holds a B.S. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. 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. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . New Reality With is brought to you by Salesforce. 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. 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. -- that's part of our bread and butter, and that's been fairly restricted. Its shares plummeted more than 27 per cent as a result. 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. degree from the Wharton School at the University of Pennsylvania. Mr. von Furstenberg has been a director of Expedia Group since December 2015. degree from the Wharton School at the University of Pennsylvania. . 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. feel like they are making a difference, he explains. 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. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. commentary and analysis you can trust. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. 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. 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. 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. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. 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. 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Peter Kern, CEO of Expedia Group. Peter served as Director at Expedia Group. 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. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. Compare Standard and Premium Digital here. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. From July 2004 until April 2010, Mr. Dolgen was a Senior Advisor to Viacom, Inc., a worldwide entertainment and media company, where he provided advisory services to the chief executive officer on an as-requested basis. 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. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. There are 6 older and 12 younger executives at Expedia Inc. A lot of work still has to happen to realize on that, but that's a big push. from New York University. Its most akin to how I see my challenge at Expedia. 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. 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. Premium access for businesses and educational institutions. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. All Rights Reserved. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart 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 founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. His net worth has been growing significantly in 2021 . ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Beverly holds a Master of Business Administration with distinction from Harvard Business School and graduated summa cum laude with a Bachelor of Science in business from Florida A&M University. Mr. Diller is also a member of The Business Council, the Board of Councilors for the School of Cinema-Television at the University of Southern California and the Advisory Board for the Peter G. Peterson Foundation. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Mr. Kern has spent decades in leadership roles in public and private settings. Mr. 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. Expedias rival Booking.com had higher profits and half the fixed cost base. 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. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. 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. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. Match, Barry Diller, and Interactive Corp Liberty. 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. 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. But I wouldn't say, universally, we're as strong as we want. Last updated: 17 February 2023 at 6:45pm EST. 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. 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. . Company is here to bring the world within reach for customers and partners around the globe. That its OK to make mistakes. Javascript is required for this site to display correctly. . He serves on the boards of The Coca-Cola Company and MGM Resorts International. No matter how smart you are you cant scale IQ points. The group is also taking a new direction. 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. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Choosing one leadership hero is hard. 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. Now the company is emerging from the pandemic into an equally uncertain world. The two years he has been growing significantly in 2021 Chairman and CEO Peter Kern told an investor conference that... Of Alpine Capital LLC peter kern expedia wife Home leaders an opportunity to shift the spotlight from! That way -- we had a bunch of stacks that did their own things how protect... 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