Expedia Group names Kern as CEO and raises $3.2bn in capital
US: Expedia Group has named Peter Kern and Eric Hart as its new chief executive and financial officers, taking over from Mark Okerstrom and Alan Pickerill, who both resigned abruptly in December over reported disagreements with the company’s board on strategy. At the same time, the group confirmed through its chairman Barry Diller that it […]
Expedia plans 3000 job cuts to “bloated” organisation
US: Global online travel agency Expedia is planning to lay off up to 3000 employees in job cuts, following December’s boardroom restructuring which saw its CEO and CFO depart. With long-serving chairman and major shareholder Barry Diller calling the organisation “bloated and sclerotic”, the company has told staff in an internal email that it will […]
Expedia Group announces shock CEO and CFO resignations
US: Expedia Group has announced that its CEO Mark Okerstrom and CFO Alan Pickerill have resigned from their posts with immediate effect. As a result, board chairman Barry Diller and vice chairman and Expedia director, Peter Kern, have been tasked with overseeing the company’s executive leadership team for the foreseeable future. They will manage day-to-day […]