CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Vice Chairman and Chief Executive Officer. 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. Expedia CEO Peter Kern. I like to take on elements and traits that fit me from the different leaders I respect. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. His salary was around $850,000. For cost savings, you can change your plan at any time online in the Settings & Account section. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. 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. Access exclusive travel research, data insights, and surveys. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. . So, for every loser, we have a winner or, hopefully, two winners. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. 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. (Podcast). What will ChatGPT mean for the travel industry? One of the companys new values is Choose Fearlessly. The company's CEO Peter Kern explains. 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. Vrbo did great and continues to be super strong. 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. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. 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. Mr. Kern holds a B.S. 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). 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. 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. 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. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. 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. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. 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 joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. 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 think that generates a huge amount of opportunity for our B2C and B2B businesses. 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. So, kudos to science and innovation and ingenuity. Short of finding someone else for the top job, Kern was persuaded to take over full time. All Rights Reserved. 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. personalising content and ads, providing social media features and to One of his methods was sending out semi-regular videos from his wood-clad Seattle home. . 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. 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. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. That's where we're trying to go. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. Since July 2004, Mr. Dolgen has been a private investor. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. So, knock wood, that is in our heads and in our planning. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US 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. They want to. Domestic was tremendously strong for us. Mr. Kern holds a B.S. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. and a law degree from Pepperdine University. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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. 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 Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. Gato Investments LP, managed by InterMedia Advisors, LLC completed the acquisition of remaining stake in Hemisphere Media Group, Inc. from Boyar Asset Management, Inc., Edenbrook Capital Partners, LLC and others. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Leisure has, weirdly, started to replace business in the front of the plane. 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. You have to create an environment where the team can deliver. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. 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 Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. 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. For non-personal use or to order multiple copies, please contact Theres been a big underspend on travel and we and many people believe that will reverse itself. . Peter Kern joined Expedia Group in 2005. Everyone has bought enough stuff, he says. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Mr. Kern holds a B.S. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. 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. 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. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. Boutique investment banking/advisory company, is taking care of the companys Product and platform strategy when it a. An auspicious time to start a significant overhaul of a global travel company, generally, is care! Take on elements and traits that fit me from the different leaders i...., hopefully, two winners to vaccines, Washingtons efforts to boost specific industries work best with goals. 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