Who Will Be Expedia’s New CEO?
Facing intense competition and a company in disarray, the Expedia Group board and senior executive Barry Diller have no time to dillydally. No one can forecast what the online travel market will look like in the next five years, but Diller et al need to find a couple of top executives who can quickly figure out Expedia's path forward.
Facing intense competition and a company in disarray, the Expedia Group board and senior executive Barry Diller have no time to dillydally. No one can forecast what the online travel market will look like in the next five years, but Diller et al need to find a couple of top executives who can quickly figure out Expedia's path forward.
Rest assured that Barry Diller's phone is busy and his email inbox is probably a logjam.
That's because, according to several sources, multiple people have volunteered their names as the successor to Mark Okerstrom as CEO of Expedia Group. Expedia investors are said to be actively involved in offering advice to largest shareholder and chairman Diller given the company's reorganization woes, and lackluster performance in 2019.
In a stunner December 4, the Expedia board triggered the resignations of Okerstrom, who'd been in the post since late-August 2017, and CFO Alan Pickerill, who had been promoted at the same time.