Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. 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. degree from the Wharton School at the University of Pennsylvania. 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 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. 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 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. 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. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. 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. 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. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. 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. We had this moment where the U.S. opened, and now it's a little clumsy again. 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 . Gieselman served as a director of Expedia Group from December 2019 to May 2021. He is also a member of The Business Council. Leisure has, weirdly, started to replace business in the front of the plane. 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 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. And then we can have really good people to solve harder problems at a higher rate, in a faster way. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. 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. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. For non-personal use or to order multiple copies, please contact 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. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. We support credit card, debit card and PayPal payments. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. But Kern is bullish on peoples propensity to travel. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. How have company chiefs dealt with the coronavirus outbreak? Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. Access exclusive travel research, data insights, and surveys. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Its shares plummeted more than 27 per cent as a result. 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. Mr. Kern has spent decades in leadership roles in public and private settings. 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. Mr. Diller held the positions of Chairman of the Board and Chief Executive Officer of IAC and its predecessors since August 1995 and ceased serving as Chief Executive Officer in November 2010. Do they come into my room and clean it, or do they wear masks at the hotel?" 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. It was certainly not my idea or [Dillers] that it would be me, he notes. 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. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. His salary was around $850,000. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. 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. She most recently served as CTO for Verizon Media. 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. Why? 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. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. But trying to be all things was slowing down our company. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. 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. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. So, for every loser, we have a winner or, hopefully, two winners. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. . 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. She currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. (Podcast). I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. PO Box 760, Sherman, CT 06784 USA | Telephone: +1 860 350-4084, Greyhound and FlixBus combine technology to enhance traveler experience, In The Big Chair - Caesar Indra of Traveloka, VisitBritain seeks more bookings with 10 million campaign, JetBlue adds climate platform powered by Chooose, BinBin swoops up GO Sharing in micromobility consolidation, Expedia, Microsoft and travel experts on ChatGPT. Distribution and use of this material are governed by . Email*. . organisation Since July 2004, Mr. Dolgen has been a private investor. This copy is for your personal, non-commercial use only. 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?" We think that generates a huge amount of opportunity for our B2C and B2B businesses. 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One of the companys new values is Choose Fearlessly. Domestic was tremendously strong for us. Expedia is planning for a boom in travel as more people get vaccinated. 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. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. Vice Chairman and Chief Executive Officer, Chief People, Inclusion & Diversity Officer, Chief Technology Officer and President, Expedia Product & Technology, President and Chief Executive Officer of BECU, Chief Financial Officer, JBG Smith Properties. and a law degree from Pepperdine University. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. 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. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. 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. Expedia, Inc., an Expedia Group company. 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. There is only winning or learning. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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 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. Expedia, Expedia Group, 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. 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. New York City got totally killed, but Hawaii was awesome, Florida was awesome. 02:48 - Source . 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. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Short of finding someone else for the top job, Kern was persuaded to take over full time. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. We were never purpose-built that way -- we had a bunch of stacks that did their own things. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. . But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. cookies Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. No one wants to. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. 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. 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. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Prior to joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. . 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. 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. 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. Continue reading your article witha WSJ subscription, Already a member? 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. Kern says his staff needed ongoing love. That includes $157 million in stock awards and $137 million in option awards. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. Chairman & Sr. Exec.. Peter's mailing address filed with the SEC is C/O EXPEDIA GROUP, INC., 1111 EXPEDIA GROUP WAY W., SEATTLE, WA, 98119. You can see the complete history of Mr. Kern stock trades at the bottom of the page. So, knock wood, that is in our heads and in our planning. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. 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. Check if your He has been vice chairman since 2018, and a board member since 2005. 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. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. 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. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. You have to create an environment where the team can deliver, he says. So, kudos to science and innovation and ingenuity. 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. 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. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Ms. Menendez Cambo holds a J.D. We're trying to play offense into what we think will be a recovery. Simply log into Settings & Account and select "Cancel" on the right-hand side. Standard Digital includes access to a wealth of global news, analysis and expert opinion. It was a precarious moment: Calls to the company's call. 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. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. You have to create an environment where the team can deliver. 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. . In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . 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. 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. 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. 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. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Rathialso currently sits on the board of directors for PagerDuty. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. 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. 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. (Expedia Group Photo) Expedia Group, the Seattle-based online travel giant, posted improved results for the second quarter, but cautioned that the resurgence of the . Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Expedia burned through cash in issuing refunds. 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. Not just informationally; I think people are beyond, "What are the cleanliness standards? Its most akin to how I see my challenge at Expedia. Vice Chairman and Chief Executive Officer. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. university On February 25, 2021, Expedia Group, Inc. (the "Company") entered into an Employment Agreement (the "Employment Agreement") with Peter Kern, the Company's Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 ("Term"), after which Mr. Kern is expected to According to Peter Kern, the vice chairman and CEO, his . Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. Organising to succeed has a cost. Chief Financial Officer, Expedia Group, Inc. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP.
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