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.”
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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