In some he read bedtime stories to the children of frazzled staff. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Prior to. 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. Michael co-founded the National Latina/o Law Students Conference and is an advocate for the underrepresented, volunteering his personal time to advise those in need on immigration rights and social and racial justice issues. That ability to fail and realise its not life threatening is an important life lesson. 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. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. There are opportunities to use machine learning and other tools to make the experience better and better and better and iterate on it instead of iterating on narrow pieces of it. from Boston College and an M.B.A. from St. John Fisher College. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. New Reality With is brought to you by Salesforce. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. Now the company is emerging from the pandemic into an equally uncertain world. For a full comparison of Standard and Premium Digital, click here. I think the U.S. will stay a steadfast and strong market for us. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Domestic was tremendously strong for us. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. He said Expedia Group would make tech improvements to help Vrbo to take . 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. organisation 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. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. For cost savings, you can change your plan at any time online in the Settings & Account section. He studied computer science at Stanford University from September 2016 to March 2017. Mr. Dzielak received his J.D. . 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. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. and a law degree from Pepperdine University. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. 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. Mr. Kern has spent decades in leadership roles in public and private settings. 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. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. That its OK to make mistakes. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. You can see the complete history of Mr. Kern stock trades at the bottom of the page. from Cornell University and a J.D. Mr. Kern holds a B.S. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Prior to Expedia he headed up Tribune Media, one of the USs largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has no doubt helped, Kern says his key asset is that he hires people who are far better than me at everything. That includes $157 million in stock awards and $137 million in option awards. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. 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. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. This copy is for your personal, non-commercial use only. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. 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. 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. Expedia, Inc., an Expedia Group company. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. 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. 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. 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. Company is here to bring the world within reach for customers and partners around the globe. Premium access for businesses and educational institutions. -- that's part of our bread and butter, and that's been fairly restricted. Booking.com looks to expand vacation rental, flight options, Magpie launches new tool for tour operators built on ChatGPT, WestJet to trial Zamna technology to accelerate passenger check-in, ITB Berlin returns in-person for first time since 2019, How travel pros can embrace new traveler expectations, What agencies need to know about future travel retailing, Travel agencies embrace a virtual future for B2B payments, The case for tours and activities as the "loyalty ancillary", VIDEO: Chargeback Gurus on tackling rising chargebacks in travel, Video: Meta on how travel brands can use Facebook, Instagram and WhatsApp, Video: Allianz Partners on tapping into consumer trends, Optimizing payments for online travel agents to boost their business, Kiwi.com prepares for growth in 2023 with new brand identity. Gato Investments LP, managed by InterMedia Advisors, LLC completed the acquisition of remaining stake in Hemisphere Media Group, Inc. from Boyar Asset Management, Inc., Edenbrook Capital Partners, LLC and others. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Short of finding someone else for the top job, Kern was persuaded to take over full time. 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. 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 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. 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. 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. 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. The bedtime stories were his wifes idea, he admits on our call. 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We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. Expedia, Expedia Group, Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. Part of his efforts to make Expedia more competitive has been to push decision making down the ranks and allow people to make their own choices. Over the last 18 months, there's been a lot of putting out fires, dealing with new fires, etc. You have to create an environment where the team can deliver. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. He serves on the boards of The Coca-Cola Company and MGM Resorts International. 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. The latest news about online travel delivered weekly to your inbox. So, kudos to science and innovation and ingenuity. Expedia CEO Peter Kern. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. 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. 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. 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). The hotel business has kind of followed the trends of the world. Expedia burned through cash in issuing refunds. Before joining Tribune, Michael was Vice President of Labor Relations at NBCUniversal, where he supported network news and sports, owned and operated stations and late-night entertainment programs. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. Choosing one leadership hero is hard. Mr. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Mr. Jacobson has been a director of Expedia Group since December 2007. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Email*. Kerns strategy: fewer people organised around clearer goals. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Chief Financial Officer, Expedia Group, Inc. 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. Javascript is required for this site to display correctly. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. We're trying to play offense into what we think will be a recovery. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. Short stories and posts about the daily news happenings across the travel industry. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. 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. Match, Barry Diller, and Interactive Corp Liberty. They want to. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. 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 . Im 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. Peter served as Director at 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. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Express Global business travel ] Not because we thought corporate travel would lag Inc., Q2 2022 Earnings Call Aug... Managing Partner of InterMedia Partners VII, LP, a venture with Communications. The last 18 months, There 's been a lot of putting out fires, etc strong for. 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