Check if your While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. Mr. Kern holds a B.S. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? Now the company is emerging from the pandemic into an equally uncertain world. 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. The more you scale the more true that is, you cant be everywhere. 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. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. There are 6 older and 12 younger executives at Expedia Inc. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. You can see the complete history of Mr. Kern stock trades at the bottom of the page. I knew how to deal with all the investors. 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. 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. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. We had this moment where the U.S. opened, and now it's a little clumsy again. We use In some he read bedtime stories to the children of frazzled staff. 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 also serves on the boards of several private companies. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. Distribution and use of this material are governed by I think we'll be coming out of this meaningfully improved as an industry, starting next summer. from New York University. 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 Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. Mr. Dolgen holds a B.S. 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. or He said Expedia Group would make tech improvements to help Vrbo to take . 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. 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. 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. The next guest on the New Reality With. . Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. our Subscriber Agreement and by copyright law. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Mr. Jacobson is a founding partner at the law firm of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P., where he has practiced entertainment law for the past 32 years. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Expedia, Inc., an Expedia Group company. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Previously, Mr. Kern was . 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. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. So, kudos to science and innovation and ingenuity. 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. 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. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. -- that's part of our bread and butter, and that's been fairly restricted. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. 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. Rathialso currently sits on the board of directors for PagerDuty. feel like they are making a difference, he explains. I was very good at putting my own sons to sleep that way.. 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. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. (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 . Keep abreast of significant corporate, financial and political developments around the world. No one wants to. Javascript is required for this site to display correctly. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. 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. So, for every loser, we have a winner or, hopefully, two winners. 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. Big-ticket items such as holidays look a risky bet. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. If we chased every endpoint, we were going to make it too complex to build the core that we needed. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. commentary and analysis you can trust. I believe cities will come back, of course, and will be beneficiaries of international travel again. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. 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. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. 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. 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. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. It was a precarious moment: Calls to the company's call. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. The most recent stock trade was executed by Lance A Soliday on 21 February 2023, trading 5,387 units of EXPE stock currently worth $566,335. 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. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. "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. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. (Podcast). from Boston College and an M.B.A. from St. John Fisher College. . 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. He is also a member of The Business Council. . He studied computer science at Stanford University from September 2016 to March 2017. When when places open . 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. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. 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. Ms. Menendez Cambo holds a J.D. and a law degree from Pepperdine University. 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. This copy is for your personal, non-commercial use only. No matter how smart you are you cant scale IQ points. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. For non-personal use or to order multiple copies, please contact Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. Business travel will come back. 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. 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. Mr. Kern has spent decades in leadership roles in public and private settings. Expedia is planning for a boom in travel as more people get vaccinated. 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. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. degree from the Wharton School at the University of Pennsylvania. 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. degree from the Wharton School at the University of Pennsylvania. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. How have company chiefs dealt with the coronavirus outbreak? Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. 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. 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. 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. cookies Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Link Copied! series is Peter Kern, CEO and. Its shares plummeted more than 27 per cent as a result. 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. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. It was certainly not my idea or [Dillers] that it would be me, he notes. 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. 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. 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. "I'm famously good at putting babies to sleep. 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. Everyone has bought enough stuff, he says. You can still enjoy your subscription until the end of your current billing period. 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. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. 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. 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 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. 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. Not just informationally; I think people are beyond, "What are the cleanliness standards? News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. His salary was around $850,000. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. 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