It used to be like a college basketball coach or football coach but now a sommelier would be better. 02:48 - Source . 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. Theres been a big underspend on travel and we and many people believe that will reverse itself. The company's CEO Peter Kern explains. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. from Boston College and an M.B.A. from St. John Fisher College. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. 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. 301 Route 17 N, Suite 1150, Rutherford, NJ While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. So, for every loser, we have a winner or, hopefully, two winners. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. What was the first leadership lesson you learnt? Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. . Im a big fan of old world Italian and French wines. That includes $157 million in stock awards and $137 million in option awards. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Continue reading your article witha WSJ subscription, Already a member? You can see the complete history of Mr. Kern stock trades at the bottom of the page. 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. Prior to. Short of finding someone else for the top job, Kern was persuaded to take over full time. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. 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. 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. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. or 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. Expedia, Inc., an Expedia Group company. On average, Peter trades about 2,602 units every 74 days since 2005. 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. Company is here to bring the world within reach for customers and partners around the globe. But trying to be all things was slowing down our company. Everyone has bought enough stuff, he says. Peter Kern joined Expedia Group in 2005. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. All Rights Reserved. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. 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. 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. 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. our Subscriber Agreement and by copyright law. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. She is also a Certified Public Accountant and holds both a B.S. Match, Barry Diller, and Interactive Corp Liberty. We're trying to play offense into what we think will be a recovery. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. 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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. South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors Now, there is one centralised marketing hub working on all the Expedia brands. Now the company is emerging from the pandemic into an equally uncertain world. 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. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Vice Chairman and Chief Executive Officer. Domestic's awesome, but there have been winners and losers. 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. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 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. 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. 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. There are opportunities to use machine learning and other tools to make the experience better and better and better and iterate on it instead of iterating on narrow pieces of it. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Peter served as Director at 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. 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. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. 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. We're optimistic, we're ambitious for ourselves and our partners, we want to get everybody back to success, and we think there's a big opportunity for us all to be more successful because we work together in smarter ways. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. Co-Chief Executive Officer and Founder, Brex Inc. 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. 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. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Expedia Group CEO Peter Kern. When when places open . But Kern is bullish on peoples propensity to travel. Vrbo did great and continues to be super strong. 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. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. 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. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory 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. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. 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. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. 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. You can still enjoy your subscription until the end of your current billing period. All other trademarks are property of their respective owners. His salary was around $850,000. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . 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. There is only winning or learning. Expedia CEO Peter Kern speaks to Yahoo Finance. All other trademarks are property of their respective owners. No one wants to. 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. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. . So, knock wood, that is in our heads and in our planning. In some he read bedtime stories to the children of frazzled staff. 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. Email*. And then we can have really good people to solve harder problems at a higher rate, in a faster way. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Last updated: 17 February 2023 at 6:45pm EST. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. The most active insiders traders include Group, Inc. 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Mr. Leisure has, weirdly, started to replace business in the front of the plane. 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 are 6 older and 12 younger executives at Expedia Inc. 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. . From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. 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. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Mr. Kern has spent decades in leadership roles in public and private settings. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. What would you do if you were not a chief executive? 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. Check if your But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. His salary was around. If we chased every endpoint, we were going to make it too complex to build the core that we needed. He is also a member of The Business Council. We're also pushing on the brand front. Mr. Kern holds a B.S. We support credit card, debit card and PayPal payments. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. For a full comparison of Standard and Premium Digital, click here. from The John Marshall Law School. organisation series is Peter Kern, CEO and. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. 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. 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. 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. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. 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. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. All the data shows that. Gieselman served as a director of Expedia Group from December 2019 to May 2021. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. 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. New York City got totally killed, but Hawaii was awesome, Florida was awesome. It was a precarious moment: Calls to the company's call. 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. 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 . The front of the biggest business sectors in the spotlight away from pandemic missteps with one another uncertainty the! Awards and $ 137 million in stock awards and $ 137 million in option awards Corp Liberty stock 20... A boutique investment banking/advisory company the page our Standard digital and Premium digital packages plan you will roll at. As Vice President in 1999 Expedia Inc stock on 20 June 2021 over... 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