Ms. Clinton has been a director of Expedia Group since March 2017. In some he read bedtime stories to the children of frazzled staff. "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. 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. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. 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. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. Mr. Dolgen holds a B.S. The total compensation amounts were included in proxy statements last month. 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. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Domestic's awesome, but there have been winners and losers. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. 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. Short of finding someone else for the top job, Kern was persuaded to take over full time. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. I think people are figuring out how to protect themselves and deal with their own risks. 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 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. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. 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. We had this moment where the U.S. opened, and now it's a little clumsy again. Mr. Diller served as the non-executive Chairman of the Board of Ticketmaster Entertainment, Inc. from 2008 to 2010, when it merged with Live Nation, Inc. to form Live Nation Entertainment, Inc. Mr. Diller served as the non-executive Chairman of the Board of Live Nation Entertainment, Inc. from January 2010 to October 2010 and was a member of its Board until January 2011. 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. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. 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. But trying to be all things was slowing down our 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. It also doesn't create waste and may help fight the climate crisis. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Rathialso currently sits on the board of directors for PagerDuty. 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. He started out on the finance side of business, first meeting Diller when he headed up the finance department at the TV station Home Shopping Network. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Mr. Khosrowshahi also served as director of TripAdvisor, Inc., from the TripAdvisor Spin-Off until February 2013 and The New York Times Company from May 2015 to September 2017. Short stories and posts about the daily news happenings across the travel industry. 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. Its most akin to how I see my challenge at Expedia. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. from Cornell University and a J.D. 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. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. Immediately prior to his appointment as Chief Executive Officer, Mr. Kern, along with Mr. Diller, had overseen Expedia Groups executive leadership team, managing day-to-day operations, since the departure of the Companys former Chief Executive Officer in December of 2019. offers FT membership to read for free. It was certainly not my idea or [Dillers] that it would be me, he notes. 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. All other trademarks are property of their respective owners. Im a big fan of old world Italian and French wines. Domestic was tremendously strong for us. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. 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. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. Part of his efforts to make Expedia more competitive has been to push decision making down the ranks and allow people to make their own choices. 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. . Why? Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. 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. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. 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. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. All Rights Reserved. They want to. I knew how to deal with all the investors. 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. Mr. Diller held the positions of Chairman of the Board and Chief Executive Officer of IAC and its predecessors since August 1995 and ceased serving as Chief Executive Officer in November 2010. 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. Domestic was tremendously strong for us. and other data for a number of reasons, such as keeping FT Sites reliable and secure, We support credit card, debit card and PayPal payments. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. We think that generates a huge amount of opportunity for our B2C and B2B businesses. When when places open . 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Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. 02:48 - Source . . I think we'll be coming out of this meaningfully improved as an industry, starting next summer. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. 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. 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. Company is here to bring the world within reach for customers and partners around the globe. Mr. Kern also serves on the boards of several private companies. 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. Previously, Mr. Kern was . Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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 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. 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. It was a precarious moment: Calls to the company's call. 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. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. 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. 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. The most active insiders traders include Group, Inc. All Rights Reserved. degree from the Wharton School at the University of Pennsylvania. (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 . 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. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. 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. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. 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 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. 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. Since July 2004, Mr. Dolgen has been a private investor. You can see the complete history of Mr. Kern stock trades at the bottom of the page. What will ChatGPT mean for the travel industry? 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