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. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. 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. Mr. Kern holds a B.S. 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. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Expedia, Expedia Group, CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . 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. Domestic was tremendously strong for us. 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. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. Leisure has, weirdly, started to replace business in the front of the plane. our Subscriber Agreement and by copyright law. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. 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. 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. Vice Chairman and Chief Executive Officer. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . 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. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. or 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. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. For a full comparison of Standard and Premium Digital, click here. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. degree from the Wharton School at the University of Pennsylvania. 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. 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). Expedia, Expedia Group, "I don't see [the metaverse] as a competitive threat . Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. What will ChatGPT mean for the travel industry? I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. But trying to be all things was slowing down our company. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. 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?" 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. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. 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. 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 From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Expedia CEO Peter Kern speaks to Yahoo Finance. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. All Rights Reserved. So, for every loser, we have a winner or, hopefully, two winners. Big-ticket items such as holidays look a risky bet. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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 state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. 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. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. Expedia, Inc., an Expedia Group company. 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. 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 company's CEO Peter Kern explains. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. . Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Mr. Kern has spent decades in leadership roles in public and private settings. 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. 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. 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. 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. Compare Standard and Premium Digital here. 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. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Short stories and posts about the daily news happenings across the travel industry. 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. 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 founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Prior to founding Ranger, Mr. von Furstenberg founded Arrow Capital Management, LLC, a private investment firm focused on global public equities, where he served as Co-Managing Member and Chief Investment Officer since 2003. 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. organisation Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. I was very good at putting my own sons to sleep that way.. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. We think that generates a huge amount of opportunity for our B2C and B2B businesses. 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. 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