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. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. 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. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart 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. 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. We use Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Kern says his staff needed ongoing love. university Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. Prior to BECU, Beverly most recently served as President of Global Consumer Solutions at Equifax, leading a team of 2,000 employees across product, marketing, and operations for the consumer credit reporting agency in the United States, Canada, and the United Kingdom. Expedia, Inc., an Expedia Group company. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. 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. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. 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. 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. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. In this role, he leads the people and culture strategy for the company, including attracting and retaining talent, creating an inclusive and diverse workplace, and continuously improving the employee experience. Kern says it was not about [taking] costs out because costs are evil and we want to make more money but arranging the group to be more efficient, adding if we do that the business will take care of itself. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. That's where we're trying to go. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. 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. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. Its shares plummeted more than 27 per cent as a result. 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. She is also an Art of Living Teacher and has a passion to help spread peace in the community. It also doesn't create waste and may help fight the climate crisis. Copyright 2023 Northstar Travel Media, LLC. Premium access for businesses and educational institutions. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. 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. The latest news about online travel delivered weekly to your inbox. "I'm 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 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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. That includes $157 million in stock awards and $137 million in option awards. Co-Chief Executive Officer and Founder, Brex Inc. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. 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. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Big-ticket items such as holidays look a risky bet. His salary was around $850,000. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 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. 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. from Cornell University and a J.D. -- that's part of our bread and butter, and that's been fairly restricted. As CEO of the fourth largest credit union in the United States, she is responsible for all aspects of leading an organization with more than 1.3 million members and $30.2 billion in assets. Chief Financial Officer, Expedia Group, Inc. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Since joining the Company as Assistant General Counsel in April 2006 and through his service as Vice President and Associate General Counsel between February 2007 and October 2011, Mr. Dzielak held primary responsibility for the worldwide litigation portfolio of the Company and its brands. 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. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. 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. 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. For non-personal use or to order multiple copies, please contact The bedtime stories were his wifes idea, he admits on our call. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. How have company chiefs dealt with the coronavirus outbreak? 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 March 2010 through May 2013, Ms. Clinton served as an Assistant Vice Provost at New York University, where she focused on interfaith initiatives and the universitys Global Expansion Program. Mr. Kern has spent decades in leadership roles in public and private settings. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. Mr. Dzielak has served as Expedia Groups Chief Legal Officer and Secretary since March 2018, previously serving as its Executive Vice President, General Counsel and Secretary since April 2012. 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. Her expertise lies in her ability to manage engineering teams and drive change. And that's a problem for the travel industry. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. 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. There are 6 older and 12 younger executives at Expedia Inc. All the data shows that. . Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. 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. Domestic was tremendously strong for us. When when places open . He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. 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 . On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. After all, Kern says, people dont put pictures of their vacuum cleaner on their refrigerator but of their favourite trip to Italy or Singapore or Thailand., Expedias Peter Kern: Be straight with your people about how you feel, West Virginia Gov. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. 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. 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. Mr. Expedias rival Booking.com had higher profits and half the fixed cost base. Keep abreast of significant corporate, financial and political developments around the world. From April 1994 to July 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, which primarily included Paramount Pictures and Paramount Television, Paramounts regional theme parks, motion picture theaters, and book publishing operations. Rathialso currently sits on the board of directors for PagerDuty. and other data for a number of reasons, such as keeping FT Sites reliable and secure, All Rights Reserved. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. 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. 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. 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. Expedia CEO Peter Kern. What will ChatGPT mean for the travel industry? 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 and a law degree from Pepperdine University. So, knock wood, that is in our heads and in our planning. Mr. Jacobson has been a director of Expedia Group since December 2007. or Email*. 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. Puerto Vallarta leaders to address in troubled times for one of the Board Directors... 172,717 on 15 February 2023 annual Gala Riviera Nayarit & Puerto Vallarta than! Of Tribune Media and Managing partner of InterMedia Partners VII, LP, venture... 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