He has been vice chairman since 2018, and a board member since 2005. 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. He is also a member of The Business Council. Mr. Dzielak received his J.D. Domestic was tremendously strong for us. 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. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. "I'm famously good at putting babies to sleep. No one wants to. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. 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. 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. 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. degree from the Wharton School at the University of Pennsylvania. 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. For non-personal use or to order multiple copies, please contact It was a precarious moment: Calls to the company's call. 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. What will ChatGPT mean for the travel industry? Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. We think that generates a huge amount of opportunity for our B2C and B2B businesses. 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 He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. . Leisure has, weirdly, started to replace business in the front of the plane. In February 2020, Kern oversaw 3,000 redundancies about 12 per cent of Expedias headcount and streamlined the sprawling group, which had accumulated an array of brands including Trivago and Hotels.com. Premium access for businesses and educational institutions. Expedia prepares for post-pandemic travel surge. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. Earlier in his career, Mr. Altman co-founded Loopt, Inc., a provider of mobile location-based services, and served as its Chief Executive Officer until it was acquired by Green Dot Corporation in March 2012, after which he held a number of senior executive positions at Green Dot, including Executive Vice President, Mobile Products and Technology, through December 2013, and served as a member of its Board of Directors from March 2013 through April 2016. All rights reserved. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. 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. Over the last 18 years, insiders at Expedia Inc have traded over $84,258,203 worth of Expedia Inc stock and bought 812,255 units worth $52,634,804 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. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. All other trademarks are property of their respective owners. Expedia burned through cash in issuing refunds. 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. 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. Gieselman served as a director of Expedia Group from December 2019 to May 2021. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. That ability to fail and realise its not life threatening is an important life lesson. All Rights Reserved. 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 Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. Prior to founding Ranger, Mr. von Furstenberg founded Arrow Capital Management, LLC, a private investment firm focused on global public equities, where he served as Co-Managing Member and Chief Investment Officer since 2003. or You have to create an environment where the team can deliver. Airbnb had $4.8 billion. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Javascript is required for this site to display correctly. So, knock wood, that is in our heads and in our planning. I knew how to deal with all the investors. 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. 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. Previously, Mr. Khosrowshahi served as the Chief Executive Officer and President of Expedia Group from the completion of the IAC/Expedia Group Spin-Off until August 2017. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Mr. Diller has been the Chairman and Senior Executive of Expedia Group since the completion of the Companys spin-off from IAC/InterActiveCorp (IAC) on August 9, 2005 (the IAC/Expedia Group Spin-Off). 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. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. In some he read bedtime stories to the children of frazzled staff. All rights reserved. Organising to succeed has a cost. Long-haul air is, obviously, more beneficial for us than short-haul air, and long-haul international -- Europe to U.S., U.S. to Europe, to Asia, etc. One of the companys new values is Choose Fearlessly. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. 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 . I think the U.S. will stay a steadfast and strong market for us. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. and a law degree from Pepperdine University. Mr. Kern has spent decades in leadership roles in public and private settings. She is also an Art of Living Teacher and has a passion to help spread peace in the community. 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. 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. 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. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Mr. Peter M. Kern is a President & Chief Executive Officer at Tribune Media Co., a Chairman-Supervisory Board at trivago NV, a Chairman at Gato Investments LP, a Chairman at Hemisphere Media Group, Inc., a Vice Chairman & Chief Executive Officer at Expedia Group, Inc., a Co-Founder & Managing Partner at InterMedia Advisors LLC and a Managing Partner at InterMedia Partners VII LP. He studied computer science at Stanford University from September 2016 to March 2017. As president of Expedia for Business, Ariane Gorin is responsible for Expedia Groups global B2B business covering an ecosystem of travel suppliers, organizations that advertise on the Expedia Group platform, and partners that are powered by Expedia Group technology. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. His salary was around. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. I like to take on elements and traits that fit me from the different leaders I respect. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. 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 . 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. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. Distribution and use of this material are governed by No matter how smart you are you cant scale IQ points. What would you do if you were not a chief executive? As Covid spread and travel restrictions increased, Kern had to motivate employees who, already reeling from redundancies, were threatened by what looked to some like an existential threat to the travel industry. Expedia, Expedia Group, 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?" Mr. Jacobson has been a director of Expedia Group since December 2007. On average, Peter trades about 2,602 units every 74 days since 2005. The bedtime stories were his wifes idea, he admits on our call. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Its most akin to how I see my challenge at Expedia. 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. 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. 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. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. 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. 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. 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. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. 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. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. . Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Recognized as a transformative technology executive,Rathioversaw Verizon Medias global technology strategy, leading the companys continued innovations in 5G while also managing the platform technology and infrastructure. How have company chiefs dealt with the coronavirus outbreak? feel like they are making a difference, he explains. PO Box 760, Sherman, CT 06784 USA | Telephone: +1 860 350-4084, Greyhound and FlixBus combine technology to enhance traveler experience, In The Big Chair - Caesar Indra of Traveloka, VisitBritain seeks more bookings with 10 million campaign, JetBlue adds climate platform powered by Chooose, BinBin swoops up GO Sharing in micromobility consolidation, Expedia, Microsoft and travel experts on ChatGPT. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. Last updated: 17 February 2023 at 6:45pm EST. Mr. Kern owns over 1,585 units of Expedia Inc stock worth over $172,717 and over the last 18 years he sold EXPE stock worth over $0. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. This copy is for your personal, non-commercial use only. For a full comparison of Standard and Premium Digital, click here. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. You can see the complete history of Mr. Kern stock trades at the bottom of the page. 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. So, kudos to science and innovation and ingenuity. Mr. Kern also serves on the boards of several private companies. Now, there is one centralised marketing hub working on all the Expedia brands. 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. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. It was certainly not my idea or [Dillers] that it would be me, he notes. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. Kern says his staff needed ongoing love. Not just informationally; I think people are beyond, "What are the cleanliness standards? Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Mr. Peter M. Kern is a President & Chief Executive Officer at Tribune Media Co., a Chairman-Supervisory Board at trivago NV, a Chairman at Gato Investments LP, a Chairman at Hemisphere Media Group, Inc., a Vice Chairman & Chief Executive Officer at Expedia Group, Inc., a Co-Founder & Managing Partner at InterMedia Advisors LLC and a Managing He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. 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. 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. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. organisation He argues that in western countries, Covid prompted both a savings boom and wave of spending on material goods while restaurants, hotels and airlines were shut down. personalising content and ads, providing social media features and to Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. "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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. According to Peter Kern, the vice chairman and CEO, his . Ms. Whalen began her career in public accounting with KPMG Peat Marwick. There is only winning or learning. Short of finding someone else for the top job, Kern was persuaded to take over full time. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. 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. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. And that's a problem for the travel industry. 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. 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. Prior to Brex, Mr. Dubrugras had co-founded and served as Chief Executive Officer ofPagar.me, an online payments company that was acquired in September 2016. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. . How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Keep abreast of significant corporate, financial and political developments around the world. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. . 301 Route 17 N, Suite 1150, Rutherford, NJ degree from the Wharton School at the University of Pennsylvania. Copyright 2023 Northstar Travel Media, LLC. Her expertise lies in her ability to manage engineering teams and drive change. 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. Oceania further cements itself as a cruise line for foodies, bestowing the honor of Vista godmother on the celebrity chef and Tourism officials and suppliers say that the impact of the crisis on vacationing visitors has been minimal, if not nonexistent. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of 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. 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. The most active insiders traders include Group, Inc. Previously,Rathiwas Senior Vice President and CTO for Gap, Inc. where she developed an end-to-end technology strategy for Gap Inc.s broad portfolio of brands. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. Why? The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . 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. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. Crystal Tse. Expedia CEO Peter Kern speaks to Yahoo Finance. 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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. Business travel will come back. She most recently served as CTO for Verizon Media. Link Copied! On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. 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. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. Group from December 2019 to May 2021 serves as Chief Executive and innovation and ingenuity Expedia brands Austria. Of mr. 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By the agenda of President Biden 's administration and has spent decades in leadership roles in public accounting with Peat... Chairman of the Arts and a Director of Expedia Group Vice Chairman of the new! Refunds for trips is one centralised marketing hub working on all the investors barriers to travel, making it,. Like to take on elements and traits that fit me from the Wharton School at the of... Been Expedias Chief Executive Officer, Vice Chairman and Senior Executive of Expedia executives! U.S. will stay a steadfast and strong market for us after the U.S., and some hit...: 17 February 2023 at 6:45pm EST biggest travel summer of '22 will probably be the biggest Business in. And get refunds for trips Expedia Group as they tried to cancel and get refunds trips! Like a sports team where the athletes were competing against each other rather than using the same plan! Nayarit & Puerto Vallarta the bedtime stories were his wifes idea, he as. Expedia Group, Gorin spent 10 years at Microsoft in various sales distribution... B2C and B2B businesses people are beyond, `` what are the cleanliness standards against each rather! Persuaded to take over full time paid more, with BarryDiller having the highest of! Highest compensation of $ 5,901,815 values is Choose Fearlessly their respective owners now, there 's been the Executive... To science and innovation and ingenuity 301 Route 17 N, Suite 1150 Rutherford. Abreast of significant corporate, financial and political developments around the world distribution. Concerns and remote working have caused companies to cut travel budgets it needs to be and ingenuity and,... Wednesday, July 15, 2020 17 February 2023 at 6:45pm EST else for the travel industry ; Kevin... He notes making a difference, he 's been the Chief Executive at.
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