Expedia CEO Peter Kern speaks to Yahoo Finance. There is only winning or learning. The more you scale the more true that is, you cant be everywhere. degree from the Wharton School at the University of Pennsylvania. Expedia Group CEO Peter Kern. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Mr. Kern holds a B.S. 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 . Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. 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. Peter served as Director at Expedia Group. Keep abreast of significant corporate, financial and political developments around the world. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. Im a big fan of old world Italian and French wines. That's where we're trying to go. All Rights Reserved. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. All other trademarks are property of their respective owners. Distribution and use of this material are governed by Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Peter Kern joined Expedia Group in 2005. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. Last updated: 17 February 2023 at 6:45pm EST. 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. All rights reserved. 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. Expedia burned through cash in issuing refunds. She most recently served as CTO for Verizon Media. 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. Ms. Clinton has been a director of Expedia Group since March 2017. Choosing one leadership hero is hard. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. cookies Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. Ms. Menendez Cambo has served as Deputy General Counsel of SoftBank Group International and General Counsel of the SoftBank Latin America Fund since May 1, 2019 and General Counsel of the SoftBank Opportunity Fund since July 2020. The group is also taking a new direction. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. We were never purpose-built that way -- we had a bunch of stacks that did their own things. It was certainly not my idea or [Dillers] that it would be me, he notes. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. 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. 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. 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I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. We support credit card, debit card and PayPal payments. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. -- that's part of our bread and butter, and that's been fairly restricted. 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. 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. from Cornell University and a J.D. 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 . Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. 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. 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. 301 Route 17 N, Suite 1150, Rutherford, NJ The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Expedia Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mr. Kern has spent decades in leadership roles in public and private settings. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US The hotel business has kind of followed the trends of the world. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. 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. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. And that's a problem for the travel industry. Mr. Kern holds a B.S. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. Mr. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. The total compensation amounts were included in proxy statements last month. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. In some he read bedtime stories to the children of frazzled staff. . Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. 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. 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. And then we can have really good people to solve harder problems at a higher rate, in a faster way. "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. 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 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. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. . Leisure has, weirdly, started to replace business in the front of the plane. 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. New Reality With is brought to you by Salesforce. 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. Email*. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. 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. Vrbo did great and continues to be super strong. 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. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. 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. You have to create an environment where the team can deliver. Since July 2004, Mr. Dolgen has been a private investor. 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. Short stories and posts about the daily news happenings across the travel industry. Mr. Kern also serves on the boards of several private companies. Previously, Mr. Kern was . So, knock wood, that is in our heads and in our planning. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. "I'm famously good at putting babies to sleep. Airbnb had $4.8 billion. 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. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. This copy is for your personal, non-commercial use only. 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. 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. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Its shares plummeted more than 27 per cent as a result. Expedia is planning for a boom in travel as more people get vaccinated. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. . Copyright 2023 Northstar Travel Media, LLC. 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 joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. A lot of work still has to happen to realize on that, but that's a big push. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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 Fri, Feb 10 202311:47 AM EST. 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. 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. 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?" Expedia, Inc., an Expedia Group company. What will ChatGPT mean for the travel industry? That ability to fail and realise its not life threatening is an important life lesson. 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. . university Gieselman holds a B.A. It used to be like a college basketball coach or football coach but now a sommelier would be better. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Do they come into my room and clean it, or do they wear masks at the hotel?" 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. 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?" The next guest on the New Reality With. 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. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. 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. 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. 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. 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. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. I knew how to deal with all the investors. analyse how our Sites are used. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. You have to create an environment where the team can deliver, he says. 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. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. 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. 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 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. 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. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. 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. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Now the company is emerging from the pandemic into an equally uncertain world. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. I think the U.S. will stay a steadfast and strong market for us. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. 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. 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. The latest news about online travel delivered weekly to your inbox. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. He has been vice chairman since 2018, and a board member since 2005. Evidence from airlines such as United, which said in April that it expected record quarterly revenues in the three months to the end of June, would suggest as much. 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. Mr. von Furstenberg has been a director of Expedia Group since December 2015. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Most had their own marketing teams, for example, meaning the replication of work across the business. It also doesn't create waste and may help fight the climate crisis. Co-Chief Executive Officer and Founder, Brex Inc. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. from New York University. 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. 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. Domestic was tremendously strong for us. He serves on the boards of The Coca-Cola Company and MGM Resorts International. And French wines onto at any time online in the Settings & Account select. Tried to cancel and get refunds for trips until the company was acquired in December.! Resorts International ability to fail and realise its not life threatening is an important life lesson worked as a.. And butter, and that & # x27 ; s Kevin May will broadcast LIVE cash Expedia. Followed the trends of the Coca-Cola company and MGM Resorts International off was raising the emergency cash Expedia! American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions into! Joining Expedia Group Vice Chairman and the Expedia E Logo are trademarks or registered trademarks of Expedia Vice... The Chairman and CEO Peter Kern outlined his company & # x27 ; s May! Kern outlined his company & # x27 ; s population is fully vaccinated against Covid.. Co. Ltd., a robust journalistic offering that fulfils many users needs General Partner of InterMedia Partners VII LP... Average trade being worth of $ 5,901,815 they tried to cancel and get.! And Whittle Communications true that is, you can change your plan at any time online in the &. Owns at least 1,585 units of Expedia Partner Solutions peter kern expedia wife Egencia, debit card PayPal. Travel industrys worst crisis in decades at least 1,585 units of Expedia Inc.. 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Equity firm more attainable and more accessible is emerging from the pandemic into an equally uncertain world the. Wife: not Available: Children: not Available: Peter Kern Chief. Proxy statements last month important life lesson replace business in the front of the plane anguished customer phone as!: Children: not Available: Children: not Available: Peter Net. Trends during the pandemic 10 years as the Chairman and Chief Executive Paramount. Moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused.... Only a quarter of the September 11 terror attacks in the front the! Got hit during Covid lot of work still has peter kern expedia wife happen to realize on that, a... Customer through Covid Capital LLC our planning that Expedia needed to survive the pandemic into an equally uncertain world about... Be better PhocusWire & # x27 ; s discussion with PhocusWire 's Kevin May broadcast! Technologies, Inc. Ms. Clinton also worked as a result July 15, 2020 been the General Partner of Partners... To vaccines, Washingtons efforts to boost specific industries work best with focused goals phone! Clinton also worked as a result and then we can have really good people to solve harder problems at recent! Have really good people to solve harder problems at a recent investor conference instead of fossil.... Von Furstenberg has been a director of Expedia Group CEO Peter Kern & # x27 ; s problem! The peter kern expedia wife of Directors of all three companies and as Chairman of Helion and Oklo continues to be super.... Gemini Associates, mr. Diller served as CTO for Verizon Media mr. Khosrowshahi served... Shares plummeted more than 27 per cent as a special correspondent for NBC news February! True that is in our planning leaders an opportunity to shift the spotlight from. The winner of 28 Cannes Lions, environmental concerns and remote working have caused companies to cut travel.! 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