01—Abstract
Summary
Summary of the 8-K filed September 5, 2017. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Expedia Group, Inc. (EXPE) on September 5, 2017, announces significant leadership changes.
Effective August 31, 2017, Mark Okerstrom was appointed President and Chief Executive Officer, succeeding Dara Khosrowshahi, who has resigned from the CEO role but will continue to serve on the Board of Directors. Okerstrom, previously Executive Vice President of Operations and Chief Financial Officer, also had his role expanded to include President and was elected to the newly created position of Director on the Board and a member of its Executive Committee. Concurrently, Alan Pickerill was appointed Executive Vice President and Chief Financial Officer, effective August 31, 2017.
Pickerill most recently led Expedia's Investor Relations and served as Treasurer. These appointments reflect an internal transition, with both Okerstrom and Pickerill having long tenures within the company, suggesting a focus on continuity and leveraging existing institutional knowledge. Investors should note the smooth, internal succession plan for key executive roles.
02—Key points
Key Highlights
- Mark Okerstrom appointed President and Chief Executive Officer, effective August 31, 2017.
- Dara Khosrowshahi resigns as CEO but remains on the Board of Directors.
- Mark Okerstrom elected to the Board of Directors and appointed to the Executive Committee.
- Alan Pickerill appointed Executive Vice President and Chief Financial Officer, effective August 31, 2017.
- Both appointments represent internal promotions, indicating continuity in leadership.
- Okerstrom's previous responsibilities included finance, operations, technology, payments, and customer operations.
- Pickerill's background includes extensive experience in investor relations and treasury at Expedia.
03—Questions
Frequently Asked Questions
Who is the new CEO of Expedia?
Mark Okerstrom has been appointed as the new President and Chief Executive Officer of Expedia, effective August 31, 2017.
Will Dara Khosrowshahi remain involved with Expedia?
Yes, while Dara Khosrowshahi has resigned as CEO, he will continue to serve as a member of Expedia's Board of Directors.
Who has been appointed as the new CFO?
Alan Pickerill has been appointed as the new Executive Vice President and Chief Financial Officer, effective August 31, 2017.
What is Mark Okerstrom's background with Expedia?
Mark Okerstrom has a deep history with Expedia, having served as Executive Vice President of Operations and Chief Financial Officer since September 2011. His responsibilities have expanded over time to include overseeing operations, finance, technology platforms, payments, risk, and customer operations.
04—Continue