The more you scale the more true that is, you cant be everywhere. 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. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. 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. It used to be like a college basketball coach or football coach but now a sommelier would be better. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. cookies There are 6 older and 12 younger executives at Expedia Inc. We were never purpose-built that way -- we had a bunch of stacks that did their own things. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Distribution and use of this material are governed by Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. 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. They want to. 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 . 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. . and a law degree from Pepperdine University. The bedtime stories were his wifes idea, he admits on our call. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Fri, Feb 10 202311:47 AM EST. 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. 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. 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. You can still enjoy your subscription until the end of your current billing period. degree from the Wharton School at the University of Pennsylvania. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. 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. 02:48 - Source . We use The next guest on theNew Reality Withseries is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. 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. That's where we're trying to go. You have to create an environment where the team can deliver. 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. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. feel like they are making a difference, he explains. 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. Beverlys career and leadership recognitions include American Bankers 23 People Who Will Matter in Banking in 2023, Black Enterprises Most Powerful Women in Corporate America, CardLinxs Top 20 Women in Digital Commerce, and the Kenneth A. Powell Award for Professional Achievement from the Harvard Business School African-American Alumni Association. "I don't see [the metaverse] as a competitive threat . Peter Kern, CEO of Expedia Group. The company's CEO Peter Kern explains. He studied computer science at Stanford University from September 2016 to March 2017. 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. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. There is only winning or learning. Last updated: 17 February 2023 at 6:45pm EST. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. 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 From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Mr. Dolgen holds a B.S. You may change or cancel your subscription or trial at any time online. Mr. Kern also serves on the boards of several private companies. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. He said Expedia Group would make tech improvements to help Vrbo to take . Link Copied! 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. Keep abreast of significant corporate, financial and political developments around the world. Vice Chairman and Chief Executive Officer. But trying to be all things was slowing down our company. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. 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Most had their own marketing teams, for example, meaning the replication of work across the business. from The John Marshall Law School. What was the first leadership lesson you learnt? 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. The group is also taking a new direction. Chief Financial Officer, Expedia Group, Inc. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. According to Peter Kern, the vice chairman and CEO, his . 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. When it comes to the ratio of the CEOs salary to median employee compensation, excluding the CEOs compensation, at each company, Expedias was 2,897 to 1; Bookings was 931 to 1; Tripadvisors was 76 to 1; and Airbnbs was .65 to 1. She most recently served as CTO for Verizon Media. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. 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. All rights reserved. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. . We think that generates a huge amount of opportunity for our B2C and B2B businesses. 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. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Javascript is required for this site to display correctly. Leisure has, weirdly, started to replace business in the front of the plane. That its OK to make mistakes. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. 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. 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. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. 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. 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. 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. The hotel business has kind of followed the trends of the world. Prior to. . Stay informed and spot emerging risks and opportunities with independent global reporting, expert For a full comparison of Standard and Premium Digital, click here. 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 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. It was certainly not my idea or [Dillers] that it would be me, he notes. All rights reserved. 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. Immediately prior to his appointment as Chief Executive Officer, Mr. Kern, along with Mr. Diller, had overseen Expedia Groups executive leadership team, managing day-to-day operations, since the departure of the Companys former Chief Executive Officer in December of 2019. We're also pushing on the brand front. In some he read bedtime stories to the children of frazzled staff. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. For cost savings, you can change your plan at any time online in the Settings & Account section. Mr. Kern says his staff needed ongoing love. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. He is also a member of The Business Council. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. from Boston College and an M.B.A. from St. John Fisher College. 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. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. commentary and analysis you can trust. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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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. 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. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. 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. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. New Reality With is brought to you by Salesforce. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Airbnb had $4.8 billion. 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. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Email*. 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. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. And then we can have really good people to solve harder problems at a higher rate, in a faster way. 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. 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. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. 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. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. Peter served as Director at Expedia Group. We had this moment where the U.S. opened, and now it's a little clumsy again. It also doesn't create waste and may help fight the climate crisis. . . Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. All Rights Reserved. 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. You will have complete Digital access to FT.com with everything in both of our Standard Digital and Digital... Covid 19 April, during the Pandemic Inc. last April, during the Pandemic staff were dealing with torrent. Your trial you will have complete Digital access to FT.com with everything in both of our Standard Digital Premium... 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