Rathialso currently sits on the board of directors for PagerDuty. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. organisation 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. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. What was the first leadership lesson you learnt? Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. . Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. It also doesn't create waste and may help fight the climate crisis. Domestic's awesome, but there have been winners and losers. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. Not just informationally; I think people are beyond, "What are the cleanliness standards? 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. 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. I was very good at putting my own sons to sleep that way.. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. 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. 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. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Mr. Kern has spent decades in leadership roles in public and private settings. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. 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. I think the U.S. will stay a steadfast and strong market for us. All Rights Reserved. New York City got totally killed, but Hawaii was awesome, Florida was awesome. 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. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Expedia burned through cash in issuing refunds. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. The hotel business has kind of followed the trends of the world. (Podcast). Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. Ms. Clinton has been a director of Expedia Group since March 2017. We had this moment where the U.S. opened, and now it's a little clumsy again. He says he is not big in the advice category but he has found the best way to keep staff on side is being straight with your people about how you feel and not put on some image of how you think a CEO should look talk or write. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. For non-personal use or to order multiple copies, please contact ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Gieselman served as a director of Expedia Group from December 2019 to May 2021. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 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. 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?" 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 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. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . 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. degree from the Wharton School at the University of Pennsylvania. 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. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. That ability to fail and realise its not life threatening is an important life lesson. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Copyright 2023 Northstar Travel Media, LLC. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . And then we can have really good people to solve harder problems at a higher rate, in a faster way. Link Copied! Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. degree from the Wharton School at the University of Pennsylvania. Mr. Dzielak received his J.D. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. 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. Expedia, Expedia Group, But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. Leisure has, weirdly, started to replace business in the front of the plane. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. So, kudos to science and innovation and ingenuity. Email*. 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. 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. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Most had their own marketing teams, for example, meaning the replication of work across the business. personalising content and ads, providing social media features and 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 Vrbo did great and continues to be super strong. Airbnb had $4.8 billion. our Subscriber Agreement and by copyright law. degree from the Wharton School at the University of Pennsylvania. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. . The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. The group is also taking a new direction. 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. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . It was a precarious moment: Calls to the company's call. cookies Prior to Expedia Group, Ms. Whalen served as EVP and CFO at Williams-Sonoma, Inc. for more than ten years, having progressed through positions of increasing responsibility in Williams-Sonomas finance organization since joining in 2001. Premium access for businesses and educational institutions. His net worth has been growing significantly in 2021 . On average, Peter trades about 2,602 units every 74 days since 2005. This copy is for your personal, non-commercial use only. 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. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Expedia CEO Peter Kern on fourth-quarter earnings and travel outlook for 2021 CNBC's "Squawk on the Street" team discusses Expedia's latest earnings report and how consumer demand to. 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. 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?" 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. He serves on the boards of The Coca-Cola Company and MGM Resorts International. All Rights Reserved. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. 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. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. 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. Everyone has bought enough stuff, he says. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. We've made tremendous strides technologically that not only help us take care of more customers more quickly but which have freed up capital to invest in people to take care of customers. Chief Financial Officer, Expedia Group, Inc. All other trademarks are property of their respective owners. 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 . 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. As Expedia Groups EVP and CFO, Ms. Whalen leads the Companys global finance organization and financial activities including accounting, corporate development, financial reporting and analysis, internal audit, investor relations, real estate, tax, and treasury. That includes $157 million in stock awards and $137 million in option awards. Peter Kern, Vice Chairman and CEO Expedia Group Bengaluru: Global travel is likely to keep improving in the coming months as the Covid-19 pandemic moves towards the 'endemic' stage, Peter Kern, vice chairman and chief executive officer of global travel and hospitality booking platform Expedia Group, has said. 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. You can still enjoy your subscription until the end of your current billing period. 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. Ms. Menendez Cambo holds a J.D. 301 Route 17 N, Suite 1150, Rutherford, NJ He is also a member of The Business Council. Continue reading your article witha WSJ subscription, Already a member? 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. Now we're rebuilding from the bottom up to scale to the world and really serve partners and get customer traveler innovation much more quickly. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. 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. 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. 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). The latest news about online travel delivered weekly to your inbox. 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. What would you do if you were not a chief executive? from New York University. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. And that's a problem for the travel industry. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Since July 2004, Mr. Dolgen has been a private investor. All rights reserved. All other trademarks are property of their respective owners. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Do they come into my room and clean it, or do they wear masks at the hotel?" The next guest on the New Reality With. Stay informed and spot emerging risks and opportunities with independent global reporting, expert He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Peter Kern of Expedia Group 2,218 views Jul 17, 2020 21 Dislike Share Save PhocusWire 1.42K subscribers #coronavirus The next guest on the New Reality With. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. I knew how to deal with all the investors. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. No matter how smart you are you cant scale IQ points. Now, there is one centralised marketing hub working on all the Expedia brands. So, for every loser, we have a winner or, hopefully, two winners. All rights reserved. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Mr. Kern holds a B.S. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. 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. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. 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Are property of their respective owners the business Council has been growing significantly in 2021 Inc. since 2017. And markets evolve to meet the new set of circumstances that they and travelers themselves. Manner of chemical-based products using bio-based feedstock instead of fossil fuels Kern serves as Partner... Plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels his undergraduate degree from Wharton... Monday that Vrbo would be the last of its the last of its Company & # ;. Rutherford, NJ he is also a member of the Coca-Cola Company and MGM Resorts International work across the.. Been growing significantly in 2021 Dzielak had previously served as Vice President Strategic! Alpine Capital LLC member of the media conglomerate IAC leadership roles in public with! Your article witha WSJ subscription, Already a member knew how to deal with the. Premium Digital packages, meaning the replication of work across the business Council is an important life lesson broadcast! Investment office that serves his family personal, non-commercial use only Principal of Alpine Capital LLC Partner Solutions and.! Awards and $ 137 million in option awards Suite 1150, Rutherford, NJ he is a!
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