Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. 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. 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. 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. Peter Kern, CEO of Expedia Group. 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 serves on the boards of The Coca-Cola Company and MGM Resorts International. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. . Financier Fan Bao, who went missing last month, has been detained by authorities in mainland China in connection with the investigation of a former senior executive at the investment bank he founded. 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. I think people are figuring out how to protect themselves and deal with their own risks. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. You can still enjoy your subscription until the end of your current billing period. Expedia, Inc., an Expedia Group company. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. It was certainly not my idea or [Dillers] that it would be me, he notes. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Expedia CEO Peter Kern speaks to Yahoo Finance. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. and other data for a number of reasons, such as keeping FT Sites reliable and secure, While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. 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. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Chairman & Sr. Exec.. Peter's mailing address filed with the SEC is C/O EXPEDIA GROUP, INC., 1111 EXPEDIA GROUP WAY W., SEATTLE, WA, 98119. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. I think the U.S. will stay a steadfast and strong market for us. degree from the Wharton School at the University of Pennsylvania. 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. Javascript is required for this site to display correctly. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. What would you do if you were not a chief executive? Gieselman served as a director of Expedia Group from December 2019 to May 2021. 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. 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. 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. Link Copied! 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. All Rights Reserved. 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. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. 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. Rathialso currently sits on the board of directors for PagerDuty. There is only winning or learning. 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. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. He said Expedia Group would make tech improvements to help Vrbo to take . 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. 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. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. One of the companys new values is Choose Fearlessly. 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 . (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 . Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. 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. 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. Crystal Tse. His net worth has been growing significantly in 2021 . Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. or What was the first leadership lesson you learnt? Now the company is emerging from the pandemic into an equally uncertain world. 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 How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Kerns strategy: fewer people organised around clearer goals. 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. We had this moment where the U.S. opened, and now it's a little clumsy again. . Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. You may change or cancel your subscription or trial at any time online. Business travel will come back. 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. We think that generates a huge amount of opportunity for our B2C and B2B businesses. We're also pushing on the brand front. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. from Cornell University and a J.D. The group is also taking a new direction. 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. 02:48 - Source . Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. 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 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. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart from Boston College and an M.B.A. from St. John Fisher College. 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. No matter how smart you are you cant scale IQ points. 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. Theres been a big underspend on travel and we and many people believe that will reverse itself. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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. Stay a steadfast and strong market for us policiesbeing shaped by the agenda of President 's! Been a big underspend on travel and we and many people believe that will reverse itself roles defining executing! President and acting General Counsel since October 2011 people organised around clearer goals President of Expedia Group is... 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