Expedia Group Announces CEO Transition Plan
09 February 2024 - 8:01AM
Business Wire
Ariane Gorin, President of Expedia for
Business, to Succeed Peter Kern as CEO
Expedia Group today announced the appointment of Ariane Gorin as
Expedia Group’s CEO, effective as of May 13, 2024. Ms. Gorin will
succeed Peter Kern, who has served as the Company’s CEO since 2020.
After completing his contract as CEO, Mr. Kern will continue to
serve as the Company’s Vice Chairman and member of the Board of
Directors, working closely with Ms. Gorin to ensure a smooth
transition. Ms. Gorin has also been elected to serve on the
Company’s Board of Directors.
Ms. Gorin has held various executive roles at Expedia Group
since 2013, most recently as President of Expedia for Business,
where she delivered outstanding financial results including B2B
revenue growth of 33% in 2023 vs. 2022. As President of Expedia for
Business, Ms. Gorin led the Company’s global supply partner group,
advertising business, and B2B partner network that powers many
leading global brands with travel tech.
“Ariane Gorin is a superb executive that all of us at Expedia
Group and our Board have worked with for ten years. We very much
wanted an internal candidate to succeed to the CEO position, and
following a comprehensive search, the Board determined Ariane was
the best candidate given her exemplary leadership,” said Barry
Diller, Expedia Group’s Chairman and Senior Executive.
“I am truly honored to have the opportunity to lead Expedia
Group as we build on the foundations established by Peter, our
leadership team, and our global workforce. Leading our
multibillion-dollar B2B business has been an incredible experience
and I look forward to even greater growth ahead for the entire
Company. It’s an exciting time in the Company’s history, and I’m
energized by the opportunities ahead for our employees, travelers,
and partners,” said Ms. Gorin.
“I am proud of and grateful to the team we have built at Expedia
Group and the tenacity and resilience they demonstrated as we
worked through an incredibly ambitious and challenging
transformation. We have quite literally reset the Company for the
future, and we are in position to lead our industry for decades to
come,” said Mr. Kern. “I have had the pleasure of working closely
with Ariane for these last four years. She is a proven leader,
answering any challenge thrown at her, including most recently as
head of our tremendously successful B2B business. As Vice Chairman,
I look forward to working closely with Ariane and our leadership
team as they continue the momentum we have built and realize on all
the opportunity that our transformation has created.”
Mr. Diller continued, “On behalf of the Board, I would like to
thank Mr. Kern for his excellent service as CEO since 2020. He not
only guided the Company through the supremely challenging pandemic
years, but also drove Expedia Group’s organizational and
technological transformation.”
About Expedia Group
Expedia Group, Inc. (NASDAQ: EXPE) brands power travel for
everyone, everywhere through our global platform. Driven by the
core belief that travel is a force for good, we help people
experience the world in new ways and build lasting connections. We
provide industry-leading technology solutions to fuel partner
growth and success, while facilitating memorable experiences for
travelers. Our organization is made up of three pillars: Expedia
Brands, housing all our consumer brands; Expedia Product &
Technology, focused on the group’s product and technical strategy
and offerings; and Expedia for Business, consisting of
business-to-business solutions and relationships throughout the
travel ecosystem.
Expedia Group’s three flagship consumer brands includes:
Expedia®, Hotels.com®, and Vrbo®. One Key™ is our comprehensive
loyalty program that unifies Expedia, Hotels.com and Vrbo into one
simple, flexible travel rewards experience. To enroll in One Key,
download Expedia, Hotels.com and Vrbo mobile apps for free on iOS
and Android devices. One Key is currently available in the U.S. and
will become available globally soon.
For more information, visit www.expediagroup.com. Follow us on
Twitter @expediagroup and check out our LinkedIn
www.linkedin.com/company/expedia.
Forward-Looking Statements
This press release contains forward-looking statements,
including those regarding Expedia Group’s future outlook and
financial performance. These statements are subject to risks and
uncertainties and are not guarantees of future performance. Factors
that could cause actual results to differ materially from those
expressed or implied by such statements include without limitation
the risks and uncertainties described in the “Risk Factors” section
of our most recent Annual Report on Form 10-K, as well as our
subsequent Quarterly Reports on Form 10-Q and other filings with
the Securities and Exchange Commission. All forward-looking
statements are based on management’s current estimates, projections
and assumptions, and we assume no obligation to update them.
© 2024 Expedia, Inc., an Expedia Group company. All rights
reserved. Trademarks and logos are the property of their respective
owners. CST: 2029030-50
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