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Expedia CEO and CFO step down from company with immediate effect

December 04, 2019 / Buying Business Travel

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.