Published on Thursday, August 31, 2017

Expedia names replacement for outgoing president


Expedia has promoted Mark Okerstrom to president and CEO to replace Dara Khosrowshahi, who is leaving to become chief executive at Uber.

Okerstrom, currently chief financial officer and executive vice president of operations, will also join Expedia's Board of Directors.

A statement form the group said Khosrowshahi will also continue to be a member of Expedia's Board of Directors.

Expedia chairman Barry Diller said: "Prior to Dara leaving, Mark Okerstrom was his principal partner in operating the company - and therefore this transition is as natural as water flowing down a snow-packed mountain.

"There was no other candidate that the Board considered. Under Mark's leadership, surrounded by his excellent and tenured executive team, I'm confident we'll continue to grow and prosper."

Khosrowshahi added: "Mark has been by my side through every major milestone in this company for much of the last 11 years and I'm passing these reins into the best hands.

"He is a tireless, strategic, and steadfast leader who has pushed me to be my best self while having Expedia Inc.'s best interests front and centre at every step. I am incredibly excited to watch Expedia continue to flourish with his leadership."

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