When when places open . During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. Organising to succeed has a cost. In addition to the philanthropic work accomplished through his position as a director of The Diller-von Furstenberg Family Foundation, Mr. von Furstenberg also serves on the Board of Directors of Friends of the High Line. 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. You can see the complete history of Mr. Kern stock trades at the bottom of the page. -- that's part of our bread and butter, and that's been fairly restricted. They want to. . All rights reserved. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. 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. 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. 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. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. 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. 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. There is only winning or learning. You may change or cancel your subscription or trial at any time online. Expedia burned through cash in issuing refunds. 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. Access exclusive travel research, data insights, and surveys. Its shares plummeted more than 27 per cent as a result. There are 6 older and 12 younger executives at Expedia Inc. Domestic was tremendously strong for us. from New York University. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Fri, Feb 10 202311:47 AM EST. organisation https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. "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 Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. And that's a problem for the travel industry. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Her expertise lies in her ability to manage engineering teams and drive change. 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. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. Since July 2004, Mr. Dolgen has been a private investor. Gieselman served as a director of Expedia Group from December 2019 to May 2021. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. 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. Mr. Dolgen holds a B.S. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. degree from the Wharton School at the University of Pennsylvania. That ability to fail and realise its not life threatening is an important life lesson. I knew how to deal with all the investors. 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. . All rights reserved. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. from Cornell University and a J.D. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. 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Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. analyse how our Sites are used. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. (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 holds a B.S. But Kern is bullish on peoples propensity to travel. 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. . Kern, who had known Diller for about 20 years, was tasked with curing a company that Diller described as bloated and sclerotic. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. Now the company is emerging from the pandemic into an equally uncertain world. 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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. That includes $157 million in stock awards and $137 million in option awards. 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. So, for every loser, we have a winner or, hopefully, two winners. Choosing one leadership hero is hard. 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. There could be bumps in business travel and other kinds of travel, but next summer, if this summer was any indication, will be gangbusters and, hopefully, the beginning of the end in terms of Covid's impact on travel. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. But trying to be all things was slowing down our company. The next guest on the New Reality With. From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? According to Peter Kern, the vice chairman and CEO, his . Its most akin to how I see my challenge at Expedia. 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 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. Match, Barry Diller, and Interactive Corp Liberty. We think that generates a huge amount of opportunity for our B2C and B2B businesses. We're optimistic, we're ambitious for ourselves and our partners, we want to get everybody back to success, and we think there's a big opportunity for us all to be more successful because we work together in smarter ways. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. 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But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. 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 Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. 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. Vice Chairman of Helion and Oklo been fairly restricted might particular brands and markets evolve to meet the set..., tripadvisor research, data insights, and Interactive Corp Liberty leaders to address in times. 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