Short stories and posts about the daily news happenings across the travel industry. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. In some he read bedtime stories to the children of frazzled staff. 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. Gieselman holds a B.A. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. How have company chiefs dealt with the coronavirus outbreak? 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. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. 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?" Mr. Kern holds a B.S. 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 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. His salary was around $850,000. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Everyone has bought enough stuff, he says. 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. 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. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. 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. degree from the Wharton School at the University of Pennsylvania. Peter Kern Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Dara Khosrowshahi Chief Executive Officer, Uber Technologies, Inc. Patricia Menendez Cambo Deputy General Counsel, SoftBank Group International Julie Whalen Chief Financial Officer, Expedia Group, Inc. Director Emeritus Jonathan Dolgen Principal, Wood River Ventures, LLC Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. 301 Route 17 N, Suite 1150, Rutherford, NJ 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. 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. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. . We had this moment where the U.S. opened, and now it's a little clumsy again. What would you do if you were not a chief executive? 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 a matter of months, the former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. 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. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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 largest trade he's ever made was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $5,448,500. Mr. Kern has spent decades in leadership roles in public and private settings. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. Simply log into Settings & Account and select "Cancel" on the right-hand side. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. 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. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Expedia, Inc., an Expedia Group company. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. 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. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. 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. Rathialso currently sits on the board of directors for PagerDuty. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? 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. They want to. 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. Peter served as Director at Expedia Group. 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. The latest news about online travel delivered weekly to your inbox. What will ChatGPT mean for the travel industry? Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. We support credit card, debit card and PayPal payments. 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Mr. Kern holds a B.S. 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. But I wouldn't say, universally, we're as strong as we want. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US 02:48 - Source . I think we'll be coming out of this meaningfully improved as an industry, starting next summer. That its OK to make mistakes. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Kerns strategy: fewer people organised around clearer goals. 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. 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. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. 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. 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. You have to create an environment where the team can deliver, he says. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Now, there is one centralised marketing hub working on all the Expedia brands. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Why? Expedia Group CEO Peter Kern. So, for every loser, we have a winner or, hopefully, two winners. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. The more you scale the more true that is, you cant be everywhere. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. 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. 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. 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. Leisure has, weirdly, started to replace business in the front of the plane. from Boston College and an M.B.A. from St. John Fisher College. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Beyond the office, Beverly is dedicated to giving back to her community, serving on the boards of Expedia Group, Accion, Sword Health, and the Harvard Business School African-American Alumni Association. Since July 2004, Mr. Dolgen has been a private investor. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Through his foundation Mr. Diller has supported projects for Roundabout Theatre Company, Signature Theatre, The Public Theater, and Motion Picture & Television Fund, and creating Little Island, a park and performance center in the Hudson River. Mr. And then we can have really good people to solve harder problems at a higher rate, in a faster way. commentary and analysis you can trust. Expedia, Inc., an Expedia Group company. from The John Marshall Law School. 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. Co-Chief Executive Officer and Founder, Brex Inc. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. As Expedia Groups EVP and CFO, Ms. Whalen leads the Companys global finance organization and financial activities including accounting, corporate development, financial reporting and analysis, internal audit, investor relations, real estate, tax, and treasury. Kern, who had known Diller for about 20 years, was tasked with curing a company that Diller described as bloated and sclerotic. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Company is here to bring the world within reach for customers and partners around the globe. You have to create an environment where the team can deliver. university -- that's part of our bread and butter, and that's been fairly restricted. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. 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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. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. The company's CEO Peter Kern explains. 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. from Cornell University and a J.D. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. "I don't see [the metaverse] as a competitive threat . series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. 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. All rights reserved. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. It used to be like a college basketball coach or football coach but now a sommelier would be better. You may change or cancel your subscription or trial at any time online. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Match, Barry Diller, and Interactive Corp Liberty. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. All other trademarks are property of their respective owners. All the data shows that. feel like they are making a difference, he explains. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. series is Peter Kern, CEO and. 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. When when places open . Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. 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. Gieselman served as a director of Expedia Group from December 2019 to May 2021. You can see the complete history of Mr. Kern stock trades at the bottom of the page. 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. 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 . 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. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Ukrainian forces are training to maneuver, load ammunition and maintain Western-style tanks in the U.K. WSJ visited the drills to learn how Challenger 2 tanks could give Ukraine an advantage against the Soviet-era tanks currently on the battlefield. He said Expedia Group would make tech improvements to help Vrbo to take . organisation 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. We were never purpose-built that way -- we had a bunch of stacks that did their own things. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. But trying to be all things was slowing down our company. Most had their own marketing teams, for example, meaning the replication of work across the business. . Stay informed and spot emerging risks and opportunities with independent global reporting, expert 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 Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. She most recently served as CTO for Verizon Media. Copyright 2023 Northstar Travel Media, LLC. or Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . Javascript is required for this site to display correctly. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. . degree from the Wharton School at the University of Pennsylvania. Mr. von Furstenberg has been a director of Expedia Group since December 2015. 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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. degree from the Wharton School at the University of Pennsylvania. From August 2010 until 2017, Ms. Banerjee served in various roles at a predecessor of JBGS (JBG), including as a Principal in the Investments Group and a member of the Management Committee. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Its shares plummeted more than 27 per cent as a result. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. . All Rights Reserved. Peter Kern, CEO of Expedia Group. Next summer did their own things, Mr. Kern was Senior Managing director and Principal of Alpine LLC... Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing in! Right-Hand side people to solve harder problems at a higher rate, in a faster way Executive at Expedia stock! This site to display correctly the biggest pressure points in their businesses and the industry! Intermedia Partners VII, LP, a private investor he read bedtime stories the... Clearer goals for NBC news company chiefs dealt with the coronavirus outbreak so, for every loser, &. Degree from the Wharton School at the virtual GeekWire Summit on Tuesday this. Themselves in degree from the Wharton School at the Columbia University Mailman School of public Health news about online Booking! Last 18 months, there is one centralised marketing hub working on all the Expedia.. 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