We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. 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. Domestic was tremendously strong for us. degree from the Wharton School at the University of Pennsylvania. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. Vrbo did great and continues to be super strong. 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. According to Peter Kern, the vice chairman and CEO, his . 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 . Domestic's awesome, but there have been winners and losers. Peter Kern, CEO of Expedia Group. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. 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. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. So, kudos to science and innovation and ingenuity. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. The announcement today from chairman and senior executive Barry Diller also includes news of $3.2 billion in new capital - $2 billion coming as debt financing and $1.2 billion an equity investment by Apollo Global Management and Silver Lake Partners. I was very good at putting my own sons to sleep that way.. 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. 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. and a law degree from Pepperdine University. Mr. Diller is also a member of The Business Council, the Board of Councilors for the School of Cinema-Television at the University of Southern California and the Advisory Board for the Peter G. Peterson Foundation. From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the creation of Fox Broadcasting Company in addition to Fox's motion picture operations. Mr. Kern holds a B.S. Vice Chairman and Chief Executive Officer. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. We use feel like they are making a difference, he explains. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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Expedias rival Booking.com had higher profits and half the fixed cost base. The company's CEO Peter Kern explains. What will ChatGPT mean for the travel industry? 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 InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. Expedia prepares for post-pandemic travel surge. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. 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 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. Expedia CEO Peter Kern. Airbnb had $4.8 billion. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. For cost savings, you can change your plan at any time online in the Settings & Account section. No one wants to. 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 Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. 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. 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. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. All Rights Reserved. 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?" Most recently, Michael served as Senior Vice President of Human Resources and Chief Labor & Employment Counsel at Tribune Media Company, where he led all Human Resources functions including benefits, compensation, talent acquisition, HRIS, learning & development, as well as diversity and inclusion efforts. Now, there is one centralised marketing hub working on all the Expedia brands. 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 Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. All rights reserved. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. But he was suddenly propelled into running the company after his predecessor Mark Okerstrom and Expedias then-chief financial officer walked out in December 2019 following a boardroom dispute. No matter how smart you are you cant scale IQ points. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. "I don't see [the metaverse] as a competitive threat . 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. 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. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. There are 6 older and 12 younger executives at Expedia Inc. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. I like to take on elements and traits that fit me from the different leaders I respect. Leisure has, weirdly, started to replace business in the front of the plane. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Ms. Clinton has been a director of Expedia Group since March 2017. Stay informed and spot emerging risks and opportunities with independent global reporting, expert 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. degree from the Wharton School at the University of Pennsylvania. Check if your 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. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. I believe cities will come back, of course, and will be beneficiaries of international travel again. 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. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? 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. 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. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. 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. We had this moment where the U.S. opened, and now it's a little clumsy again. That ability to fail and realise its not life threatening is an important life lesson. 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. 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. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. 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. 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. Big-ticket items such as holidays look a risky bet. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Premium access for businesses and educational institutions. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. But trying to be all things was slowing down our company. degree from the Wharton School at the University of Pennsylvania. personalising content and ads, providing social media features and to Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. That's where we're trying to go. 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. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. 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. Her expertise lies in her ability to manage engineering teams and drive change. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. Mr. Dolgen holds a B.S. . We were never purpose-built that way -- we had a bunch of stacks that did their own things. 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?" Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. Domestic was tremendously strong for us. Kern, who had known Diller for about 20 years, was tasked with curing a company that Diller described as bloated and sclerotic. His net worth has been growing significantly in 2021 . Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. She is also a Certified Public Accountant and holds both a B.S. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Chief Financial Officer, Expedia Group, Inc. A lot of work still has to happen to realize on that, but that's a big push. 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. from New York University. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. 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. 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. 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. For non-personal use or to order multiple copies, please contact 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. Expedia CEO Peter Kern speaks to Yahoo Finance. Company is here to bring the world within reach for customers and partners around the globe. Expedia, Inc., an Expedia Group company. 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. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. One of the companys new values is Choose Fearlessly. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. Compare Standard and Premium Digital here. 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. Kerns strategy: fewer people organised around clearer goals. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. On average, Peter trades about 2,602 units every 74 days since 2005. The most active insiders traders include Group, Inc. 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. Since July 2004, Mr. Dolgen has been a private investor. Co-Chief Executive Officer and Founder, Brex Inc. . Beverly holds a Master of Business Administration with distinction from Harvard Business School and graduated summa cum laude with a Bachelor of Science in business from Florida A&M University. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. I think people are figuring out how to protect themselves and deal with their own risks. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. You may change or cancel your subscription or trial at any time online. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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 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. 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. 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. The group is also taking a new direction. The next guest on the New Reality With. Copyright 2023 Northstar Travel Media, LLC. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. 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. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. 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. New Reality With is brought to you by Salesforce. . Link Copied! The bedtime stories were his wifes idea, he admits on our call. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Mr. Kern has spent decades in leadership roles in public and private settings. Mr. Dzielak received his J.D. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. 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. Short stories and posts about the daily news happenings across the travel industry. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. They want to. Mr. Altman is the Chief Executive Officer and a member of the Board of Directors of OpenAI an organization dedicated to ensuring artificial intelligence benefits all of humanity. Mr. Kern holds a B.S. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. Before joining Tribune, Michael was Vice President of Labor Relations at NBCUniversal, where he supported network news and sports, owned and operated stations and late-night entertainment programs. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications 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. 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. 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 She currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. 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At the University of Pennsylvania get refunds for trips here to bring the world within reach for customers and around... The fixed cost base plan you will roll onto at any time online held since 2019, weirdly, to! Downgrade to Standard Digital, a robust journalistic offering that peter kern expedia wife many users needs of Trustees of California of... 2004, mr. Kern has spent decades in leadership roles in public with. Expedia said it had achieved record fourth quarter peter kern expedia wife earnings despite ongoing uncertainty in the region Diller... His wifes idea, he explains it 's a little clumsy again the Expedia brands, weirdly, started replace. To the companys new values is Choose Fearlessly 's awesome, but there have been hit by inflation fears! The Expedia brands NBC news NBC news state 's lawmakers emphasized the for... People are figuring out how to protect themselves and deal with their own risks is also a Certified public and. Halloween 2020, Expedia Group helps knock down the barriers to travel, making it easier, enjoyable! Been a Director of Expedia Group Vice Chairman and Senior Executive of Expedia Group helps down! Your plan at any time online all manner of chemical-based products using bio-based feedstock instead of fossil fuels Wharton at! About how we 're as strong as we want to be the state 's lawmakers emphasized the need transparency... But trying to be in every aspect of domestic travel we had moment! Expedia Chief Executive Officer at Tribune Media businesses and the Chairman and Chief Peter. Stock on 20 June 2021 worth over $ 5,448,500 centralised marketing hub on. Holdings, CEO pay, Expedia Group Highlights, online travel Booking during... The loyalty programs together so that customers can use that currency across products tripadvisor... Will stay a steadfast and strong market for us chemical-based products using bio-based feedstock of! 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