One of his methods was sending out semi-regular videos from his wood-clad Seattle home. The latest news about online travel delivered weekly to your inbox. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Chief Financial Officer, Expedia Group, Inc. Mr. Kern holds a B.S. What would you do if you were not a chief executive? 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. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. Her expertise lies in her ability to manage engineering teams and drive change. To weather the downturn, it scrambled to .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}raise about $4 billion in capital last spring. 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. She most recently served as CTO for Verizon Media. 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. Link Copied! Mr. Jacobson has been a director of Expedia Group since December 2007. That includes $157 million in stock awards and $137 million in option awards. Do they come into my room and clean it, or do they wear masks at the hotel?" Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. The next guest on the New Reality With. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. 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 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. Short stories and posts about the daily news happenings across the travel industry. 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. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. 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. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. It was certainly not my idea or [Dillers] that it would be me, he notes. 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. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. Choosing one leadership hero is hard. 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. I like to take on elements and traits that fit me from the different leaders I respect. 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. or Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. 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?" . 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. 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. 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. Mr. Kern has spent decades in leadership roles in public and private settings. analyse how our Sites are used. Expedias rival Booking.com had higher profits and half the fixed cost base. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. 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. So, for every loser, we have a winner or, hopefully, two winners. Expedia CEO Peter Kern. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Previously, Mr. Khosrowshahi served as the Chief Executive Officer and President of Expedia Group from the completion of the IAC/Expedia Group Spin-Off until August 2017. Mr. Dolgen began his career in the entertainment industry in 1976 and, until joining the Viacom Entertainment Group, served in a variety of executive positions at Columbia Pictures Industries, Inc., Twentieth Century Fox and Fox, Inc., and Sony Pictures Entertainment. . Theres been a big underspend on travel and we and many people believe that will reverse itself. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. degree from the Wharton School at the University of Pennsylvania. 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. 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. Leisure has, weirdly, started to replace business in the front of the plane. For a full comparison of Standard and Premium Digital, click here. 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. 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. When it comes to the ratio of the CEOs salary to median employee compensation, excluding the CEOs compensation, at each company, Expedias was 2,897 to 1; Bookings was 931 to 1; Tripadvisors was 76 to 1; and Airbnbs was .65 to 1. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Email*. Access exclusive travel research, data insights, and surveys. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. You can see the complete history of Mr. Kern stock trades at the bottom of the page. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. Big-ticket items such as holidays look a risky bet. Expedia Group CEO Peter Kern. 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. In this role he transformed the organization from a traditional brand marketing skill set to a sophisticated direct and digital marketing group, contributing to explosive subscriber and revenue growth in five years. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. You have to create an environment where the team can deliver. But Kern is bullish on peoples propensity to travel. Mr. Kern also serves on the boards of several private companies. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. She is also a Certified Public Accountant and holds both a B.S. Mr. Dzielak received his J.D. That its OK to make mistakes. Most had their own marketing teams, for example, meaning the replication of work across the business. New Reality With is brought to you by Salesforce. But I wouldn't say, universally, we're as strong as we want. Airbnb had $4.8 billion. Julie Whalen is Executive Vice President and Chief Financial Officer of 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. Mr. Dolgen holds a B.S. A lot of work still has to happen to realize on that, but that's a big push. 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. 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. 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. I believe cities will come back, of course, and will be beneficiaries of international travel again. 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. The group is also taking a new direction. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. Mr. Kern holds a B.S. 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. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. She has also served as chairperson of the Card Policy Council of the American Bankers Association and board chair of the Council of Urban Professionals. It also doesn't create waste and may help fight the climate crisis. organisation Peter Kern, CEO of Expedia Group. On average, Peter trades about 2,602 units every 74 days since 2005. Kern, who had known Diller for about 20 years, was tasked with curing a company that Diller described as bloated and sclerotic. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. . Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. 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. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. from Boston College and an M.B.A. from St. John Fisher College. 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. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The announcement today from chairman and senior executive Barry Diller also includes news of $3.2 billion in new capital - $2 billion coming as debt financing and $1.2 billion an equity investment by Apollo Global Management and Silver Lake Partners. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Mr. Dubugras has served as the co-Chief Executive Officer of Brex Inc., a privately-held financial services company, since co-founding Brex in 2017. 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. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. 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. Prior to Gap,Rathiwas CIO for Enterprise Growth at American Express, where she managed end-to-end platform technology, infrastructure and operations for the suite of American Express pre-paid products. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. They want to. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. One month later, Covid hit the US and Europe and the travel industry came to a standstill. When when places open . 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. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. 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. That Diller described as bloated and sclerotic described as bloated and sclerotic travel Media.... 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