OTA boss ousted after affair at work
Priceline Group CEO Darren Huston has resigned after an investigation into an affair with someone at work.
The group said Huston’s relationship was not with an employee under his direct supervision, but said he ‘acted contrary to the company’s Code of Conduct and had engaged in activities inconsistent with the Board’s expectations for executive conduct’.
In a statement, the online travel giant said Huston, who is married, acknowledged he had broken the company’s code and had ‘expressed regret’.
The Canadian has received no severance package and, according to Bloomberg, will forfeit almost $15.3 million in unvested stock equity. However, Priceline has agreed to pay for his move back from his office in Amsterdam to North America.
The company, which owns Booking.com, Kayak, Agoda.com, Rentalcars.com and OpenTable, has appointed former CEO and current chairman Jeffery H. Boyd as interim CEO and president while the Board conducts a search to name a successor.
Boyd has been with Priceline for 16 years and was president and CEO from 2002 to 2013.
The company also announced that current Booking.com president and chief operating officer Gillian Tans has been promoted to CEO, replacing Huston who had also served as CEO of this business unit.
James Guyette, lead independent director, said: "I am satisfied with the Board’s thorough review of this issue. The performance of the business under Darren has been strong, and the company is very well-positioned to continue executing on its strategy for growth.
"Jeff is deeply familiar with the company’s strategy and leadership team, which consists of highly accomplished entrepreneurs and seasoned professional executives with long-tenure in the business. We are confident the company is in strong hands while we conduct a search for a new CEO."
The company is due to announce its second quarter earnings on May 4, as previously scheduled.
Picture from Wikipedia
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.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent