Expedia CEO and CFO step down from company with immediate effect

Buying Business Travel | December 04, 2019

Expedia CEO and CFO step down from company with immediate effect
Expedia Group’s CEO Mark Okerstrom and CFO Alan Pickerill have resigned at the request of the company’s board of directors. Okerstrom also stepped down as a member of the board. Each of the executives will be allowed severance and equity award acceleration in accordance with their terms. Expedia said Okerstrom did not have any disagreement with the company on any matter relating to its operations, policies or practices. Barry Diller, chairman of the board and senior executive, and Peter M. Kern, vice-chairman of the board, will jointly preside over the company’s day to day operations. Meanwhile, Eric Hart, chief strategy officer, will serve as acting CFO.

Spotlight

Our Skift Megatrends annual package is the largest annual editorial effort from the Skift reporting team. These megatrends reflect our work on connecting the dots through Skift's intensive daily and long-term research coverage of various parts of the travel industry, our hundreds and hundreds of hours of talking directly to the leaders and operators in the travel industry, and our surveys, interviews, and focus groups with travelers throughout the year.

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Our Skift Megatrends annual package is the largest annual editorial effort from the Skift reporting team. These megatrends reflect our work on connecting the dots through Skift's intensive daily and long-term research coverage of various parts of the travel industry, our hundreds and hundreds of hours of talking directly to the leaders and operators in the travel industry, and our surveys, interviews, and focus groups with travelers throughout the year.