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. 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. There is only winning or learning. 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?" What was the first leadership lesson you learnt? Continue reading your article witha WSJ subscription, Already a member? But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. Expedias rival Booking.com had higher profits and half the fixed cost base. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. The hotel business has kind of followed the trends of the world. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. 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. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Rathialso currently sits on the board of directors for PagerDuty. Ms. Menendez Cambo holds a J.D. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. 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. 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. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. Her expertise lies in her ability to manage engineering teams and drive change. 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. It was a precarious moment: Calls to the company's call. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. Expedia is planning for a boom in travel as more people get vaccinated. Company is here to bring the world within reach for customers and partners around the globe. Expedia, Inc., an Expedia Group company. 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. It also doesn't create waste and may help fight the climate crisis. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. Kern says his staff needed ongoing love. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. 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. All the data shows that. 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. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. But Kern is bullish on peoples propensity to travel. 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. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. You have to create an environment where the team can deliver. Domestic's awesome, but there have been winners and losers. 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. 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. For a full comparison of Standard and Premium Digital, click here. A lot of work still has to happen to realize on that, but that's a big push. . On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. 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. But trying to be all things was slowing down our company. Now the company is emerging from the pandemic into an equally uncertain world. 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. Mr. Kern has spent decades in leadership roles in public and private settings. Everyone has bought enough stuff, he says. When when places open . 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. 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. 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. 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. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. We use If we chased every endpoint, we were going to make it too complex to build the core that we needed. His salary was around. . We support credit card, debit card and PayPal payments. Expedia, Expedia Group, 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. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. 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. His salary was around $850,000. Match, Barry Diller, and Interactive Corp Liberty. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. degree from the Wharton School at the University of Pennsylvania. The more you scale the more true that is, you cant be everywhere. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Vrbo did great and continues to be super strong. 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 . Before joining JBG, Ms. Banerjee worked at the Blackstone Group, focusing primarily on hotel, office, and senior living acquisitions, and at Citigroup in its investment banking division. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. He studied computer science at Stanford University from September 2016 to March 2017. Mr. Kern holds a B.S. Prior to founding Ranger, Mr. von Furstenberg founded Arrow Capital Management, LLC, a private investment firm focused on global public equities, where he served as Co-Managing Member and Chief Investment Officer since 2003. Mr. 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. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. I think the U.S. will stay a steadfast and strong market for us. Its shares plummeted more than 27 per cent as a result. From April 1994 to July 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, which primarily included Paramount Pictures and Paramount Television, Paramounts regional theme parks, motion picture theaters, and book publishing operations. This copy is for your personal, non-commercial use only. feel like they are making a difference, he explains. Check if your (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 . degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. The most active insiders traders include Group, Inc. 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. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. Why? You can still enjoy your subscription until the end of your current billing period. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Stay informed and spot emerging risks and opportunities with independent global reporting, expert 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Link Copied! The next guest on the New Reality With. 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. 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. 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. 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. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. 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. Airbnb had $4.8 billion. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. 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. Fri, Feb 10 202311:47 AM EST. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart 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 I believe cities will come back, of course, and will be beneficiaries of international travel again. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. our Subscriber Agreement and by copyright law. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. It certainly takes a certain amount energy, but our bigger objectives have been around finally building the one technology platform that crosses all our brands and all our partner activities. The largest trade he's ever made was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $5,448,500. personalising content and ads, providing social media features and to If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. Expedia Group CEO Peter Kern. 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. New York City got totally killed, but Hawaii was awesome, Florida was awesome. 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. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. Ms. Clinton has served as Vice Chair of the Clinton Foundation since March 2013, where her work emphasizes improving global and domestic health, creating service opportunities and empowering the next generation of leaders. 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. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. 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. . 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. 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. Kerns total compensation in 2021 compared with $53.9 million for Booking Holdings Glenn Fogel, $7.67 million for Tripadvisors Steve Kaufer, and $132,000 for Airbnbs Brian Chesky. 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. We're also pushing on the brand front. You may change or cancel your subscription or trial at any time online. He is also a member of The Business Council. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. university What will ChatGPT mean for the travel industry? The latest news about online travel delivered weekly to your inbox. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Theres been a big underspend on travel and we and many people believe that will reverse itself. I knew how to deal with all the investors. 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. 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. For non-personal use or to order multiple copies, please contact Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. 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. Do they come into my room and clean it, or do they wear masks at the hotel?" Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. His net worth has been growing significantly in 2021 . Keep abreast of significant corporate, financial and political developments around the world. Over the last 18 years, insiders at Expedia Inc have traded over $84,258,203 worth of Expedia Inc stock and bought 812,255 units worth $52,634,804 That's where we're trying to go. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. Copyright 2023 Northstar Travel Media, LLC. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. 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. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. cookies 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. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. 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 . Media conglomerate IAC from February 2014 through March 2019 peter kern expedia wife he was Senior Managing Director Principal... Had higher profits and half the fixed cost base travel in 2021 1995 to,... Had a bunch of stacks that did their own things most of her career developing and building and. As Vice President of Expedia Partner Solutions and Egencia say, universally, 're... Digital Access to FT.com with everything in both of our Standard Digital and Premium Digital packages Diller for! 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