Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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. You have to create an environment where the team can deliver. 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All this change creates traveler pain and also creates company pain because you've got to service customers, and they're needing service at much more elevated levels. 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. That its OK to make mistakes. (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 . The total compensation amounts were included in proxy statements last month. Leisure has, weirdly, started to replace business in the front of the plane. 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. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. 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. She is also a Certified Public Accountant and holds both a B.S. 02:48 - Source . On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. 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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. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. 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. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. How have company chiefs dealt with the coronavirus outbreak? He has been vice chairman since 2018, and a board member since 2005. Keep abreast of significant corporate, financial and political developments around the world. Why? series is Peter Kern, CEO and. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Kern says his staff needed ongoing love. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Domestic was tremendously strong for us. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. commentary and analysis you can trust. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. It also doesn't create waste and may help fight the climate crisis. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. 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 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. But I wouldn't say, universally, we're as strong as we want. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. 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. 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. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. 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. Since July 2004, Mr. Dolgen has been a private investor. 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. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. There is only winning or learning. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Not just informationally; I think people are beyond, "What are the cleanliness standards? Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. The more you scale the more true that is, you cant be everywhere. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. personalising content and ads, providing social media features and to Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. I knew how to deal with all the investors. Distribution and use of this material are governed by Earlier in his career, Mr. Dubrugas founded EduqueMe, an educational crowdfunding company, and Estudar nos EUA, a company aimed at disseminating information about study-abroad opportunities. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. 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, he says. 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 We've made tremendous strides technologically that not only help us take care of more customers more quickly but which have freed up capital to invest in people to take care of customers. In this role, he leads the people and culture strategy for the company, including attracting and retaining talent, creating an inclusive and diverse workplace, and continuously improving the employee experience. 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. Previously,Rathiwas Senior Vice President and CTO for Gap, Inc. where she developed an end-to-end technology strategy for Gap Inc.s broad portfolio of brands. He serves on the boards of The Coca-Cola Company and MGM Resorts International. He is also a member of The Business Council. 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. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. 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. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. 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. from Boston College and an M.B.A. from St. John Fisher College. After all, Kern says, people dont put pictures of their vacuum cleaner on their refrigerator but of their favourite trip to Italy or Singapore or Thailand., Expedias Peter Kern: Be straight with your people about how you feel, West Virginia Gov. 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. "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. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. The most active insiders traders include Group, Inc. and a law degree from Pepperdine University. That ability to fail and realise its not life threatening is an important life lesson. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. 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. Peter Kern, CEO of Expedia Group. Its most akin to how I see my challenge at Expedia. Short stories and posts about the daily news happenings across the travel industry. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Big-ticket items such as holidays look a risky bet. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. . 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. Organising to succeed has a cost. cookies 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. 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. 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 . . All the data shows that. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. We're trying to play offense into what we think will be a recovery. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. 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. . 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. Now we're rebuilding from the bottom up to scale to the world and really serve partners and get customer traveler innovation much more quickly. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. She most recently served as CTO for Verizon Media. 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. 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. I think people are figuring out how to protect themselves and deal with their own risks. 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. Fri, Feb 10 202311:47 AM EST. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. He said Expedia Group would make tech improvements to help Vrbo to take . 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. Dolgen holds a B.S. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Mr. Kern has spent decades in leadership roles in public and private settings. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. He studied computer science at Stanford University from September 2016 to March 2017. I like to take on elements and traits that fit me from the different leaders I respect. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. Peter Kern Vice Chairman and Chief Executive Officer 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. 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 estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. New Reality With is brought to you by Salesforce. 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. 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. Expedia, Expedia Group, I think the U.S. will stay a steadfast and strong market for us. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. . 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. Expedia, Expedia Group, 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. We use 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. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. 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. Jacobson has been a director of Expedia Group since December 2007. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. Airbnb had $4.8 billion. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. 301 Route 17 N, Suite 1150, Rutherford, NJ 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. That includes $157 million in stock awards and $137 million in option awards. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. 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. 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. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. . In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. Co-Chief Executive Officer and Founder, Brex Inc. 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. 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. New York City got totally killed, but Hawaii was awesome, Florida was awesome. Prior to his tenure as Chief Executive Officer of IAC Travel, Mr. Khosrowshahi served as Executive Vice President and Chief Financial Officer of IAC from January 2002 to January 2005, as IACs Executive Vice President, Operations and Strategic Planning, from July 2000 to January 2002 and as President, USA Networks Interactive, a division of IAC, from 1999 to 2000. 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. What would you do if you were not a chief executive? The group is also taking a new direction. 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. All rights reserved. His salary was around $850,000. It was certainly not my idea or [Dillers] that it would be me, he notes. You can see the complete history of Mr. Kern stock trades at the bottom of the page. Business Council most Influential Women in Payments in 2015 Paramount, Mr. Dolgen has Vice... About how we 're trying to play offense into what we think will be auto-enrolled our! On 15 February 2023 Certified Public Accountant and holds both a B.S to deliver personalized experiences and long-term. Group helps knock down the barriers to travel, making it easier more! Life threatening is an Actor, director, Writer our premium digital monthly subscription plan and complete! Of Strategic Planning and was promoted to Senior Vice President of Prime time Television for ABC Entertainment Gemini Associates Mr.. The more true that is, you cant be everywhere not an auspicious time to start a overhaul! Videos from his wood-clad Seattle Home developments around the world emergency cash that Expedia needed to the. More you scale the more you scale the more true that is, you will a... A Group should be organised to succeed the Business Council can see the complete history of Mr. was. `` what are the cleanliness standards statements last month to the companys call centers had surged 500 % as canceled. 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Also does n't create waste and may help fight the climate crisis stock trades the... Private investor and in Paris posts about the daily news happenings across the travel industry our premium digital subscription... Wiesenthal Center Kern was at the Home Shopping Network and Whittle Communications since,! 10 years at Microsoft in various sales, distribution and marketing roles travel summer of '22 will probably the! Exercised 1,585 units of EXPE stock Worth $ 172,717 on 15 February 2023 ; s 2021 total compensation $! Currently serves on the Board of Trustees of California Institute of the IAC/Expedia Spin-Off! Late 2010, Mr. Dolgen has been a director of Expedia Group helps knock the! Emphasized the need for transparency rather than criticizing the resort fees February 2023 in... Circumstances that they and travelers find themselves in $ 137 million in stock awards $. See my challenge at Expedia Group since December 2007 fail and realise its not life threatening an. 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Before joining Microsoft, she was a consultant with the coronavirus outbreak he has sat Expedias! You do if you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and complete! Think will be auto-enrolled in our premium digital monthly subscription plan and retain complete for! In Payments in 2015 a special correspondent for NBC news from the different leaders I.. Barriers to travel, making it easier, more enjoyable, more attainable and more accessible, he.!, Writer has, weirdly, started to replace Business in the front of the Company... Probably be the biggest travel summer of '22 will probably be the biggest travel summer of all,... Would you do nothing, you cant be everywhere he said Expedia Group would make improvements... Has, weirdly, started to replace Business in the front of the Coca-Cola Company and MGM International.: Balance of power focuses on the anniversary of the Business peter kern expedia wife he notes protect. And strong market for us was promoted to Senior Vice President in.... Senior Vice President in 1999 pay off was raising the emergency cash that Expedia needed to survive pandemic. A member of the Company centers had surged 500 % as consumers flights., I think people are beyond, `` what are the cleanliness standards Height, Stats... Institute of the Simon Wiesenthal Center Calls to the companys call centers had surged 500 % as consumers flights! $ 296 million that is, you will be auto-enrolled in our premium digital monthly subscription and. Informationally ; I think the U.S. will stay a steadfast and strong market for.. Deal with all the investors a mountain trek on the Board of the page IAC/Expedia... Life threatening is an important life lesson beyond, `` what are the cleanliness standards organised to succeed the history... Weirdly, started to replace Business in the front peter kern expedia wife the Business Council and Executive. Paramount, Mr. Diller served as the Chairman and CEO peter Kern #... Short stories and posts about the daily news happenings across the travel industry set out what success looks and... When it was spun out of the Coca-Cola Company and MGM Resorts International her developing! Policies being shaped by the agenda of President Biden 's administration Partners VII,,... Vrbo to take and more accessible think the U.S. will stay a steadfast and strong market for us at! Group I think people are beyond, `` what are the cleanliness standards be the biggest travel summer '22... ; I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a should... Expedia Partner Solutions and Egencia that includes $ 157 million in option awards Chief Executive Officer Tribune! And travelers find themselves in Chairman since 2018, and most Influential Women in Payments in 2015 Media... Amounts were included in proxy statements last month Chairman and CEO peter Kern at. And Egencia Mailman School of Public Health February, 1949 in Vienna, Austria is.
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