(Bloomberg) — Expedia Group Inc. named Ariane Gorin as chief executive officer, succeeding Peter Kern, who has been in the role since 2020.
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Gorin, who has been an executive at Expedia since 2013 and most recently was the president of the enterprise division, will take the helm May 13, the company said in a statement Thursday. Kern, 56, is stepping aside at the end of his contract. He will continue to serve as vice chairman and member of the board.
Separately, Expedia reported gross bookings of $21.7 billion in the fourth quarter, missing analysts’ average estimate of $22 billion. Room night growth also came in short of expectations. Revenue jumped 10% to $2.89 billion, in line with analysts’ projections for $2.88 billion, according to data compiled by Bloomberg. The shares fell 12% in extended trading.
Under Kern, Expedia has spent the past two years focusing on technical upgrades and revamping its loyalty program across its various platforms. Now that…
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