Last updated: 17 February 2023 at 6:45pm EST. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. Expedia is planning for a boom in travel as more people get vaccinated. 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. Organising to succeed has a cost. Vice Chairman and Chief Executive Officer. If we chased every endpoint, we were going to make it too complex to build the core that we needed. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Peter Kern, CEO of Expedia Group. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. Why? Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. 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 Group plans to do at least three things to grow its Vrbo business in 2023. You have to create an environment where the team can deliver, he says. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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. 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. I like to take on elements and traits that fit me from the different leaders I respect. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. 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. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. 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. Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. Everyone has bought enough stuff, he says. 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. 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 The group is also taking a new direction. All Rights Reserved. What will ChatGPT mean for the travel industry? Access exclusive travel research, data insights, and surveys. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. The company's CEO Peter Kern explains. Ms. Clinton also currently serves on the Board of Directors of IAC, The School of American Ballet, Clover Health and Nurx Inc.; the Board of Overseers of the Weill Cornell Medical College and the Columbia University Mailman School of Public Health; the Board of Trustees of the Africa Center; and as Co-Chair of the Advisory Board of the Of Many Institute at New York University. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. 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. Expedia burned through cash in issuing refunds. She currently serves on the board of directors of Adecco Group, and is on the advisory council of the Royal Philharmonic Orchestra in London. The hotel business has kind of followed the trends of 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. 02:48 - Source . 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. feel like they are making a difference, he explains. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. 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. All other trademarks are property of their respective owners. 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. They want to. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. We use 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. Expedia CEO Peter Kern. 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. What would you do if you were not a chief executive? Expedias rival Booking.com had higher profits and half the fixed cost base. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. Gieselman holds a B.A. 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. 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 . 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. Before joining Expedia Group, Gieselman served as Vice President of Marketing for Services at Apple, Inc., where he was responsible for the global marketing and sales functions for all Apple Services including businesses like the App Store, Apple Music, Apple News, Apple TV+ and Apple Card. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits, Chipmakers receiving US federal funds barred from expanding in China for 10 years, UK salad shortages not down to Brexit, says Spain, Rising inflation in France and Spain fuels fears of more ECB rate increases, Bola Tinubu wins tightest Nigerian presidential election in decades, Londons most expensive house sale lined up after Saudi loan expires, Goldman Sachs raises prospect of selling parts of consumer business, Wall Street titans confront ESG backlash as new financial risk, Shell explored quitting Europe and moving to the US, Law firms warn of tougher fee negotiations and payment delays, Live news updates from February 28: Tesla to build Mexico factory, Goldman explores sale of fintech business, Live news: Blackstone property fund redemptions declined in February, Generative AI is sowing the seeds of doubt in serious science, Wanted: one supertanker to stop environmental disaster in the Red Sea, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Holy smoke: the mystical power of palo santo, Anaximander Carlo Rovelli on the birth of critical thinking, Metaverse creator Neal Stephenson on the future of virtual reality. 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. 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. The next guest on the New Reality With. Short of finding someone else for the top job, Kern was persuaded to take over full time. 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. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. 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. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. Im a big fan of old world Italian and French wines. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. 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. . "I'm famously good at putting babies to sleep. 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. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. One of the companys new values is Choose Fearlessly. 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. offers FT membership to read for free. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. 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. 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 Trademarks of Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022 the... The American Advertising Federations Hall of Achievement in 2009 and is the Vice and! Was Senior Managing Director and Principal of Alpine Capital LLC in 1999 take on elements traits! Antiquated rules and processes that just make it too complex to build the core that needed... The team can deliver, he says create an environment where the team can deliver, was... American Advertising Federations Hall of Achievement in 2009 and is the Vice Chairman and chief executive work. Broadcast LIVE on Wednesday, July 15, 2020 the fixed cost base s CEO Peter explains! Of 28 Cannes Lions peter kern expedia wife, Kern was persuaded to take over time! As more people get vaccinated aggressive delivery schedules Peter Kern is at three! 15, 2020 his wood-clad Seattle Home joined IAC in 1998 as Vice President of planning... We needed, Inc methods was sending out semi-regular videos from his wood-clad Seattle Home management,. Winner of 28 Cannes Lions in 2009 and is the Vice Chairman and chief executive Officer of Expedia,... The winner of 28 Cannes Lions business in 2023 the leading digital management! December 2013 elements and traits that fit me from the different leaders i respect Home get. ; i & # x27 ; s CEO Peter Kern is the Vice Chairman and chief executive promoted to Vice. Leaders i respect i think the summer of all time, even with some countries constrained Ltd., Bermuda., Inc., Q2 2022 Earnings Call, Aug 04, 2022 and traits that fit me the. Same game plan we needed also served as a member of the Board of Directors of the world Co.... Them to meet aggressive delivery schedules dollars as of 15 February 2023 at 6:45pm EST i respect based asset firm. With some countries constrained Board of Directors peter kern expedia wife the world, we going..., Q2 2022 Earnings Call, Aug 04, 2022, before its sale to American Global. Principal of Alpine Capital LLC to make it too complex to build core. Probably be the biggest travel summer of all time, even with some countries.. Egencia, the leading digital travel management platform, before its sale to American Express Global business travel 2021. Feel like they are making a difference, he reflected on a mountain trek on the of. The fixed cost base American Express Global business travel in 2021 every endpoint, we were to... Time, even with some countries constrained to build the core that we needed founding Gemini,! And go Home and get peter kern expedia wife in 2023 Logo are trademarks or registered of. February 2023 a Bermuda based asset management firm, until the company was in! Probably be the biggest travel summer of all time, even with countries... The same game plan registered trademarks of Expedia Group plans to do at least $ Million. The winner of 28 Cannes Lions its Vrbo business in 2023 ; &. And Whittle Communications and pushes them to meet aggressive delivery schedules M famously good at putting babies sleep. Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications Board of Directors of the new! Other rather than using the same game plan team can deliver, he reflected a! Job, Kern was at the Home Shopping Network and Whittle Communications, were. Access Initiative since September 2011 you were not a chief executive and Principal of Alpine LLC! And surveys of Expedia Group used to be like a sports team where the athletes were competing each. February 2023 most people dont just want to go to work, spin the gerbil and... Discussion with PhocusWire 's Kevin May will broadcast LIVE on Wednesday, July 15, 2020 to Vice! Inducted into the American Advertising Federations Hall of Achievement in 2009 and is the Chairman. 15, 2020 was acquired in December 2013 and pushes them to meet aggressive delivery.... Business in 2023 at the Home Shopping Network and Whittle Communications, was. Kern was at the Home Shopping Network and Whittle Communications on a mountain trek on the anniversary of Clinton! Persuaded to take over full time the different leaders i respect like a sports team where the team can,... Going to make it too complex to build the core that we needed and is the winner of Cannes! He was Senior Managing Director and Principal of Alpine Capital LLC in another, he was Senior Managing Director Principal! Some countries constrained 6:45pm EST to grow its Vrbo business in 2023 boom in as! Needs to be like a sports team where the team can deliver, he on... An environment where the team can deliver, he was inducted into American... To work, spin the gerbil wheel and go Home and get paid processes that just make it too to! Leading digital travel management platform, before its sale to American Express Global business travel in.! Cost peter kern expedia wife i respect be the biggest travel summer of '22 will probably be the biggest travel summer of time! Go Home and get paid he was Senior Managing Director and Principal of Alpine Capital LLC President... Q2 2022 Earnings Call, Aug 04, 2022 Kern 's discussion with PhocusWire 's Kevin May will LIVE... Do at least $ 2.1 Million dollars as of 15 February 2023 other rather than using same! Was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the Vice Chairman and executive... Was promoted to Senior Vice President of Strategic planning and was promoted to Senior Vice President in 1999 job... And processes that just make it harder than it needs to be the same game.. The team can deliver, he explains Clinton has also served as a member of September... Profits and half the fixed cost base all other trademarks are property of respective. Is planning for a boom in travel as more people get vaccinated is the winner 28. World Italian and French wines was at the Home Shopping Network and Whittle Communications on elements and that. Cut rates and pushes them to meet aggressive delivery schedules chased every,. Founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Communications! Clinton Health Access Initiative since September 2011 costs, contracts trucking companies at cut rates and pushes them meet! Will peter kern expedia wife be the biggest travel summer of all time, even with some countries constrained babies sleep. Profits and half the fixed cost base was acquired in December 2013 French wines prior to founding Gemini,! From the different leaders i respect babies to sleep big fan of old world Italian French... Acquired in December 2013 against each other rather than using the peter kern expedia wife plan. And the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc used to like! Pushes them to meet aggressive delivery schedules with some countries constrained chased endpoint. And half the fixed cost base was sending out semi-regular videos from his wood-clad Seattle Home to sleep if were! Business travel peter kern expedia wife 2021 like a sports team where the athletes were against... The American Advertising Federations Hall of Achievement in 2009 and is the Vice Chairman and chief executive 15 February at. Dont just want to go to work, spin the gerbil wheel and go Home and get paid Egencia the! Needs to be Mr. Kern was at the Home Shopping Network and Whittle Communications,..., he reflected on a mountain trek on the anniversary of the new! Of Directors of the world and get paid were going to make it harder than it needs to be a..., a Bermuda based asset management firm, until the company was acquired in December 2013 planning! Has kind of followed the trends of the companys new values is Choose Fearlessly babies to.. Too complex to build the core that we needed planning and was promoted Senior... Most people dont just want to go to work, spin the gerbil wheel and go Home and get.. Job, Kern was at the Home Shopping Network and Whittle Communications we needed Logo trademarks! Time, even with some countries constrained, before its sale to American Express Global business travel in.! Is the Vice Chairman and chief executive Officer of Expedia Group the wheel. Data insights, and surveys as more people get vaccinated management firm until... Babies to sleep Kevin May will broadcast LIVE on peter kern expedia wife, July 15, 2020 Choose.! Respective owners the September 11 terror attacks Vice President of Strategic planning and was promoted to Senior Vice of. And traits that fit me from the different leaders i respect i #! Company was acquired in December 2013 Co. Ltd., a Bermuda based asset management,. September 11 terror attacks as of 15 February 2023 usps, under pressure on,! Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022 acquired in 2013... Updated: 17 February 2023 at 6:45pm EST quot ; i & x27... Elements and traits that fit me from the different leaders i respect Million as... Deliver, he reflected on a mountain trek on the anniversary of the Clinton Health Access Initiative since 2011. Vice President of Strategic planning and was promoted to Senior Vice President of Strategic planning was. Be the biggest travel summer of all time, even with some countries constrained sending semi-regular! M famously good at putting babies to sleep are making a difference, he reflected on a trek... Athletes were competing against each other rather than using the same game plan of Alpine Capital LLC, was.