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. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. A lot of work still has to happen to realize on that, but that's a big push. 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 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. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. 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. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. 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. What was the first leadership lesson you learnt? Compare Standard and Premium Digital here. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. 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. 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. 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. That's where we're trying to go. Expedia Travel giant Expedia pays as much as $267,000 in base pay, before bonuses and stock awards, according to data the company disclosed when applying for H-1B. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. What would you do if you were not a chief executive? His salary was around. 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. I think people are figuring out how to protect themselves and deal with their own risks. 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. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. 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. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. His salary was around $850,000. 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. 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. 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. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. Distribution and use of this material are governed by He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. Mr. Kern also serves on the boards of several private companies. Standard Digital includes access to a wealth of global news, analysis and expert opinion. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. Now the company is emerging from the pandemic into an equally uncertain world. 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. 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. Everyone has bought enough stuff, he says. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. "I'm famously good at putting babies to sleep. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. In the 10 weeks after the shutdown of travel in Europe and the US in March 2020, Expedia handled 22mn calls and messages, more than double its usual rate. 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. 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. 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. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Choosing one leadership hero is hard. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. . Match, Barry Diller, and Interactive Corp Liberty. . It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. We're trying to play offense into what we think will be a recovery. 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. 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. 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. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. You have to create an environment where the team can deliver. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. 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. Its most akin to how I see my challenge at Expedia. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. 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, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. This copy is for your personal, non-commercial use only. 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. . (Podcast). So, kudos to science and innovation and ingenuity. Link Copied! 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. . Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. 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. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. series is Peter Kern, CEO and. Nayarit has a lot to offer luxury travelers, Nevada's congressional delegation reacts to Biden's 'Junk Fee' proposal, Giada De Laurentiis and Oceania Cruises, a delicious combination, Despite an energy crisis, lights are staying on for South Africa's tourists, Uniworld Boutique River Cruise Collection, Executive view 2022: Peter Kern of Expedia Group, Executive view for 2022: Stephanie Linnartz of Marriott International, Executive view for 2022: Orlando Ashford of Azamara, Executive view 2022: Becky Powell, Global Travel Collection. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. 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. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. Domestic was tremendously strong for us. Short of finding someone else for the top job, Kern was persuaded to take over full time. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. 301 Route 17 N, Suite 1150, Rutherford, NJ 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 Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. Mr. Kern has served on the Board of Directors of Tribune Media Company since October 2016, where he currently also serves as Chief Executive Officer, as Chairman of the Board of Directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company, since April 2013, and since 2016, as a member of Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group. 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 . Business travel will come back. 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. Leisure has, weirdly, started to replace business in the front of the plane. 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. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. That ability to fail and realise its not life threatening is an important life lesson. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. Most had their own marketing teams, for example, meaning the replication of work across the business. 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. 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. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. I was very good at putting my own sons to sleep that way.. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. It was a precarious moment: Calls to the company's call. South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors Domestic's awesome, but there have been winners and losers. personalising content and ads, providing social media features and to I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. Email*. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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. When when places open . 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. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. You have to create an environment where the team can deliver, he says. organisation Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. She is also a Certified Public Accountant and holds both a B.S. 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. I like to take on elements and traits that fit me from the different leaders I respect. 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. 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. 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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. 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. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. 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 . Organising to succeed has a cost. 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. 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. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. 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. For a full comparison of Standard and Premium Digital, click here. 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. All rights reserved. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. . . I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. Mr. Dolgen was a director of Ticketmaster from August 2008 through its merger with Live Nation, Inc. in January 2010 and thereafter a director of Live Nation, Inc. through June 2018. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. In a quarterly trading update that November, the travel groups net profit had fallen 22 per cent from a year before, missing Wall Street forecasts despite an increase in marketing spend. Why? One month later, Covid hit the US and Europe and the travel industry came to a standstill. We use Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. 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 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. The latest news about online travel delivered weekly to your inbox. -- that's part of our bread and butter, and that's been fairly restricted. He studied computer science at Stanford University from September 2016 to March 2017. 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. And then we can have really good people to solve harder problems at a higher rate, in a faster way. 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. So, knock wood, that is in our heads and in our planning. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. 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. 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. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. And that's a problem for the travel industry. Javascript is required for this site to display correctly. Weirdly, started to replace business in the world & # x27 ; m famously good at putting babies sleep. Expedia Group, Inc., the leading Digital travel management platform, before sale! The world gets to travel again later, Covid hit the US and Europe the... Quot ; i & # x27 ; m famously good at putting babies sleep... Is also a Certified Public Accountant and holds both a B.S the Foundation. 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