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. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Stay informed and spot emerging risks and opportunities with independent global reporting, expert On top of that, environmental concerns and remote working have caused companies to cut travel budgets. 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. Prior to BECU, Beverly most recently served as President of Global Consumer Solutions at Equifax, leading a team of 2,000 employees across product, marketing, and operations for the consumer credit reporting agency in the United States, Canada, and the United Kingdom. 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. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Musk donated around $1.95 billion in Tesla shares last year, Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, Transcript : Expedia Group, Inc. Presents at 31st Annual Media, Internet & Telecom Conference, Feb-27-2023 04:20 PM, Transcript : Expedia Group, Inc., Q4 2022 Earnings Call, Feb 09, 2023, Transcript : Expedia Group, Inc., Q3 2022 Earnings Call, Nov 03, 2022, Transcript : Expedia Group, Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. But Kern is bullish on peoples propensity to travel. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. 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. When when places open . Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. Compare Standard and Premium Digital here. . Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Company is here to bring the world within reach for customers and partners around the globe. 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. Mr. We use But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Everyone has bought enough stuff, he says. The bedtime stories were his wifes idea, he admits on our call. He has been vice chairman since 2018, and a board member since 2005. Fri, Feb 10 202311:47 AM EST. 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. 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. 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. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. 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. 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. from New York 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. 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. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. There are 6 older and 12 younger executives at Expedia Inc. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. What will ChatGPT mean for the travel industry? From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Mr. Kern has served on the Board of Directors of Tribune Media Company since October 2016, where he currently also serves as Chief Executive Officer, as Chairman of the Board of Directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company, since April 2013, and since 2016, as a member of Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group. 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. 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. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. That its OK to make mistakes. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. Chief Financial Officer, Expedia Group, Inc. 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. It was a precarious moment: Calls to the company's call. Match, Barry Diller, and Interactive Corp Liberty. 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 . 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 Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. That's where we're trying to go. 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. feel like they are making a difference, he explains. All rights reserved. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. His net worth has been growing significantly in 2021 . 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. 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. 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. Beverlys career and leadership recognitions include American Bankers 23 People Who Will Matter in Banking in 2023, Black Enterprises Most Powerful Women in Corporate America, CardLinxs Top 20 Women in Digital Commerce, and the Kenneth A. Powell Award for Professional Achievement from the Harvard Business School African-American Alumni Association. 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. Mr. von Furstenberg has been a director of Expedia Group since December 2015. The total compensation amounts were included in proxy statements last month. 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. 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. Why? Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. Evidence from airlines such as United, which said in April that it expected record quarterly revenues in the three months to the end of June, would suggest as much. 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. Access exclusive travel research, data insights, and surveys. Expedia Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. You can still enjoy your subscription until the end of your current billing period. Ms. Clinton has been a director of Expedia Group since March 2017. Mr. Kern has spent decades in leadership roles in public and private settings. She is also an Art of Living Teacher and has a passion to help spread peace in the community. Vice Chairman and Chief Executive Officer. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. series is Peter Kern, CEO and. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. I was very good at putting my own sons to sleep that way.. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. She currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. It was certainly not my idea or [Dillers] that it would be me, he notes. Part of his efforts to make Expedia more competitive has been to push decision making down the ranks and allow people to make their own choices. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 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Kerns strategy: fewer people organised around clearer goals. And that's a problem for the travel industry. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. Organising to succeed has a cost. In addition, he makes $1,924,500 as Chief Executive Officer and Vice Chairman of the Board at Expedia Inc. Peter has made over 40 trades of the Expedia Inc stock since 2006, according to the Form 4 filled with the SEC. -- that's part of our bread and butter, and that's been fairly restricted. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. Expedia prepares for post-pandemic travel surge. 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. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. commentary and analysis you can trust. 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. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. 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. His salary was around $850,000. 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?" Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. 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. Business travel will come back. 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. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity 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. organisation During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. She most recently served as CTO for Verizon Media. Peter Kern, CEO of Expedia Group. university Its shares plummeted more than 27 per cent as a result. Domestic was tremendously strong for us. 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. Kern says his staff needed ongoing love. For non-personal use or to order multiple copies, please contact Mr. Dolgen is a director emeritus of Expedia Group, having served as a director of the company from the IAC/Expedia Group Spin-Off through June 2019. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Expedia, Inc., an Expedia Group company. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. 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. There is only winning or learning. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Nayarit has a lot to offer luxury travelers, Nevada's congressional delegation reacts to Biden's 'Junk Fee' proposal, Giada De Laurentiis and Oceania Cruises, a delicious combination, Despite an energy crisis, lights are staying on for South Africa's tourists, Uniworld Boutique River Cruise Collection, Executive view 2022: Peter Kern of Expedia Group, Executive view for 2022: Stephanie Linnartz of Marriott International, Executive view for 2022: Orlando Ashford of Azamara, Executive view 2022: Becky Powell, Global Travel Collection. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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. One month later, Covid hit the US and Europe and the travel industry came to a standstill. 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. We think that generates a huge amount of opportunity for our B2C and B2B businesses. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. 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. Keep abreast of significant corporate, financial and political developments around the world. 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. Mr. Dolgen holds a B.S. 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. 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. Gieselman served as a director of Expedia Group from December 2019 to May 2021. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. 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. degree from the Wharton School at the University of Pennsylvania. But trying to be all things was slowing down our company. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. 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. Since July 2004, Mr. Dolgen has been a private investor. Expedia CEO Peter Kern. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. 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. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. Kern never saw himself in the travel industry despite enjoying it as a personal pastime and investing in several smaller travel technology groups in the past.