Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. 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. 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. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. In a quarterly trading update that November, the travel groups net profit had fallen 22 per cent from a year before, missing Wall Street forecasts despite an increase in marketing spend. Big-ticket items such as holidays look a risky bet. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. You have to create an environment where the team can deliver. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. 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. Distribution and use of this material are governed by Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. 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. You have to create an environment where the team can deliver, he says. 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. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. . Expedia is planning for a boom in travel as more people get vaccinated. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 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. The more you scale the more true that is, you cant be everywhere. Ms. Menendez Cambo holds a J.D. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. She most recently served as CTO for Verizon Media. Chief Financial Officer, Expedia Group, Inc. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. 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. Compare Standard and Premium Digital here. 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. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. All Rights Reserved. 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. No one wants to. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. 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 speaks to Yahoo Finance. feel like they are making a difference, he explains. He is also a member of The Business Council. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. degree from the Wharton School at the University of Pennsylvania. There is only winning or learning. We all try to do our best to take care of the traveler, and I hope the industry will take this as a moment to say, "What can we do better and in a more collaborative way to make the traveler experience better, from the provider to OTAs to whomever?" Company is here to bring the world within reach for customers and partners around the globe. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. Before joining JBG, Ms. Banerjee worked at the Blackstone Group, focusing primarily on hotel, office, and senior living acquisitions, and at Citigroup in its investment banking division. series is Peter Kern, CEO and. Beverlys core areas of focus include strategy development and sustainable growth, overseeing daily operational activities, and fostering BECUs culture of promoting the financial well-being of its members and communities. 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. Ms. Menendez Cambo has served as Deputy General Counsel of SoftBank Group International and General Counsel of the SoftBank Latin America Fund since May 1, 2019 and General Counsel of the SoftBank Opportunity Fund since July 2020. (Podcast). 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. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. Do they come into my room and clean it, or do they wear masks at the hotel?" 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. Expedia prepares for post-pandemic travel surge. . Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. The bedtime stories were his wifes idea, he admits on our call. New York City got totally killed, but Hawaii was awesome, Florida was awesome. 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. She is also a Certified Public Accountant and holds both a B.S. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. 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. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. His salary was around. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. degree from the Wharton School at the University of Pennsylvania. Expedias rival Booking.com had higher profits and half the fixed cost base. One month later, Covid hit the US and Europe and the travel industry came to a standstill. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Leisure has, weirdly, started to replace business in the front of the plane. There could be bumps in business travel and other kinds of travel, but next summer, if this summer was any indication, will be gangbusters and, hopefully, the beginning of the end in terms of Covid's impact on travel. What will ChatGPT mean for the travel industry? RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. I like to take on elements and traits that fit me from the different leaders I respect. He says he is not big in the advice category but he has found the best way to keep staff on side is being straight with your people about how you feel and not put on some image of how you think a CEO should look talk or write. 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. and a law degree from Pepperdine University. One of the companys new values is Choose Fearlessly. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. A lot of work still has to happen to realize on that, but that's a big push. For a full comparison of Standard and Premium Digital, click here. 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. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. 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. Expedia, Inc., an Expedia Group company. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart 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. Expedia, Expedia Group,
I believe cities will come back, of course, and will be beneficiaries of international travel again. Im a big fan of old world Italian and French wines. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? Everyone has bought enough stuff, he says. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Domestic was tremendously strong for us. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. 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. Peter served as Director at Expedia Group. 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. 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. . 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. 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 currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. 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. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. He said Expedia Group would make tech improvements to help Vrbo to take . Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. Booking.com looks to expand vacation rental, flight options, Magpie launches new tool for tour operators built on ChatGPT, WestJet to trial Zamna technology to accelerate passenger check-in, ITB Berlin returns in-person for first time since 2019, How travel pros can embrace new traveler expectations, What agencies need to know about future travel retailing, Travel agencies embrace a virtual future for B2B payments, The case for tours and activities as the "loyalty ancillary", VIDEO: Chargeback Gurus on tackling rising chargebacks in travel, Video: Meta on how travel brands can use Facebook, Instagram and WhatsApp, Video: Allianz Partners on tapping into consumer trends, Optimizing payments for online travel agents to boost their business, Kiwi.com prepares for growth in 2023 with new brand identity. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. You may change or cancel your subscription or trial at any time online. . He has been vice chairman since 2018, and a board member since 2005. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . 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. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. I knew how to deal with all the investors. Last updated: 17 February 2023 at 6:45pm EST. 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. or 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. He has invested in a number of private companies, including Reddit, Inc., which operates a social sharing and aggregation website, and Helion Energy, Inc. and Oklo, Inc., which are both developing clean energy solutions. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. That ability to fail and realise its not life threatening is an important life lesson. 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 . Kern says his staff needed ongoing love. . We think that generates a huge amount of opportunity for our B2C and B2B businesses. 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. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. For cost savings, you can change your plan at any time online in the Settings & Account section. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. 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. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. But he was suddenly propelled into running the company after his predecessor Mark Okerstrom and Expedias then-chief financial officer walked out in December 2019 following a boardroom dispute. Mr. Kern has spent decades in leadership roles in public and private settings. 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. Jacobson is a founding partner at the law firm of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P., where he has practiced entertainment law for the past 32 years. 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. 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. We're also pushing on the brand front. The company's CEO Peter Kern explains. 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. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Airbnb had $4.8 billion. 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. 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 Crystal Tse. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. our Subscriber Agreement and by copyright law. 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. Not just informationally; I think people are beyond, "What are the cleanliness standards? Fri, Feb 10 202311:47 AM EST. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. Kern is in Las Vegas this week to publicly launch a fresh strategy: to focus more on offering its technology and marketing heft to other travel companies than being an online travel booking site with multiple brands. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. The hotel business has kind of followed the trends of the world. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. 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. Link Copied! What was the first leadership lesson you learnt? Its most akin to how I see my challenge at Expedia. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. 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. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Mr. Dzielak received his J.D. Gieselman served as a director of Expedia Group from December 2019 to May 2021. 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. Copyright 2023 Northstar Travel Media, LLC. We're trying to play offense into what we think will be a recovery. In some he read bedtime stories to the children of frazzled staff. 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. And then we can have really good people to solve harder problems at a higher rate, in a faster way. 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. Match, Barry Diller, and Interactive Corp Liberty. 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. He studied computer science at Stanford University from September 2016 to March 2017. 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. 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. 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. Vrbo did great and continues to be super strong. 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. 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. 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. 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. 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. 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. Mr. Kern has spent decades in leadership roles in public and private settings. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC.