Expedia CEO Peter Kern speaks to Yahoo Finance. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. 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. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. 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. I was very good at putting my own sons to sleep that way.. I like to take on elements and traits that fit me from the different leaders I respect. 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. Compare Standard and Premium Digital here. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. And then we can have really good people to solve harder problems at a higher rate, in a faster way. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. When when places open . 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. 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. Expedia Group CEO Peter Kern. 02:48 - Source . Before joining JBG, Ms. Banerjee worked at the Blackstone Group, focusing primarily on hotel, office, and senior living acquisitions, and at Citigroup in its investment banking division. 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. Crystal Tse. 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. 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. . All other trademarks are property of their respective owners. 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. Peter served as Director at Expedia Group. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. 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. Mr. Kern has served on the Board of Directors of Tribune Media Company since October 2016, where he currently also serves as Chief Executive Officer, as Chairman of the Board of Directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company, since April 2013, and since 2016, as a member of Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. 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. (Podcast). Vrbo did great and continues to be super strong. Mr. Jacobson has been a director of Expedia Group since December 2007. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. Im a big fan of old world Italian and French wines. 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. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. . That includes $157 million in stock awards and $137 million in option awards. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. (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 . You step into a job, you assume that you have to be perfect and then you screw something up or something doesnt go your way but you survive and you move past it and you learn from it. We're also pushing on the brand front. We use 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. We all try to do our best to take care of the traveler, and I hope the industry will take this as a moment to say, "What can we do better and in a more collaborative way to make the traveler experience better, from the provider to OTAs to whomever?" from Cornell University and a J.D. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. Previously, Mr. Kern was . 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. What was the first leadership lesson you learnt? U.S. government bonds prices have been hit by inflation, fears of persistent high rates. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. The most active insiders traders include Group, Inc. According to Peter Kern, the vice chairman and CEO, his . Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. university 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. Mr. von Furstenberg has been a director of Expedia Group since December 2015. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. The company's CEO Peter Kern 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. 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. 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. Keep abreast of significant corporate, financial and political developments around the world. Mr. Dzielak received his J.D. The hotel business has kind of followed the trends of the world. 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. What would you do if you were not a chief executive? Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Domestic's awesome, but there have been winners and losers. 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. 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 her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. No matter how smart you are you cant scale IQ points. Mr. Diller has been the Chairman and Senior Executive of Expedia Group since the completion of the Companys spin-off from IAC/InterActiveCorp (IAC) on August 9, 2005 (the IAC/Expedia Group Spin-Off). 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. Vice Chairman and Chief Executive Officer. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. How have company chiefs dealt with the coronavirus outbreak? 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. 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. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. All rights reserved. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Distribution and use of this material are governed by 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. 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. You can still enjoy your subscription until the end of your current billing period. Link Copied! All rights reserved. He is also a member of The Business Council. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. At the moment, I admire Microsofts CEO Satya Nadella and his work reviving Microsoft from sleeping giant to moving it into the cloud, and reimagining the company. Theres been a big underspend on travel and we and many people believe that will reverse itself. 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 joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. Chief Financial Officer, Expedia Group, Inc. 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