Barry Diller The Expedia app on a smartphone. Expedia Group’s chief executive and finance chief were forced to resign after clashing with Chairman Barry Diller and the board over the direction of the travel company. Michael Davis Velasco. See our story, Expedia’s Reorganization Efforts Make the Company Less Nimble. For deeper backstory, see our July story, Expedia President Aman Bhutani Is Leaving Amid Exec Reshuffle . Raise. For a context on how Okerstrom was hopeful for the future, see his talk at September’s Skift Global Forum: The Expedia Group’s failure to have a leader chosen to replace Mark Okerstrom suggests that there wasn’t anyone on the leadership team who stood out to fill the gap or else that Okerstrom took a strong line of resistance at the Tuesday board meeting. We don’t yet know the details of what transpired at Tuesday’s board meeting that preceded the word of Okerstrom’s ouster. More giant rival Booking Holdings has also faced this headwind but may be suffering less because of years-long investment in its branding, which encourages customers to come direct and may involve a lower long-term cost-of-acquisition cost. Peter Kern has been named CEO of Expedia Group. Okerstrom, 46, won the job for two key reasons. Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. Nov. 04, 2020 10:40 PM ET Expedia Group, Inc. (EXPE) SA Transcripts. President of Global Consumer Solutions at Equifax, Susan C. Athey Julie Whalen “This reorganization, while sound in concept, resulted in a material loss of focus on our current operations, leading to disappointing third-quarter results and a lackluster near-term outlook. Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. © 2020 Expedia, Inc., an Expedia Group company. Expedia, Expedia Group, and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. President of Global Consumer Solutions at Equifax, Co-Lead Partner of Apollo Global Management, 1111 Expedia Group Way West, Seattle, WA 98119. It has had stronger growth in Google search rankings than HomeAway. Chief Executive Officer, Uber Technologies, Inc. David Sambur The narrative, based mostly on reporting by Skift Executive Editor Dennis Schaal, may help cast light on the factors that led to today’s news. The process of appointing Peter Kern has parallels to that of naming Mark Okerstrom as the new Expedia Group CEO when he replaced Dara Khosrowshahi in that position in August 2017. “Some of the issues presented in the third-quarter results were new, while some were simply amplified,” said Olson at Piper. Google has downplayed these so-called organic links while making its own advertising platform for travel products more prominent in mobile and desktop search. That is why in October 2019, Expedia Group signed the CEO Action for Diversity & Inclusion™ pledge and committed to mobilize the travel industry toward actionable steps to promote diversity and inclusion. Follow. Expedia Group, Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Kim had taken the reins of the unit in 2016. Archana Singh. Peter Kern, CEO of Expedia Group, joins "Squawk on the Street" to discuss demand for travel and the company's quarterly earnings amid the coronavirus pandemic. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. In August 2017, after Expedia Group’s then-CEO Dara Khosrowshahi announced he was quitting to take the top job at Uber, Skift evaluated the potential replacements and named Mark Okerstrom as the most likely candidate. One of Okerstrom’s most fateful decisions may have been to approve the rebranding of the home rental division from HomeAway to Vrbo. During his half-dozen years as the chief financial officer, he had shown a steady hand at overseeing consistent earnings growth. Style point, Okerstrom may have been caught by surprise investors, according expectations. Have long anticipated Google ’ s CEO, CFO resign following disagreements board... 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