“We very much wanted an internal candidate to succeed to the CEO position, and following a comprehensive search, the Board determined Ariane was the best candidate given her exemplary leadership,” said Barry Diller, Expedia’s chairman and senior executive.
Expedia, which is relying on a single platform to draw more consumers to its collection of online companies, announced on Thursday that Peter Kern, its CEO, had resigned after four years and that Ariane Gorin would assume the position.
Over 15% of the company’s shares dropped during extended trading.
According to the corporation, Kern will remain a member of the board and vice chairman of the company, closely collaborating with Gorin to facilitate a seamless transition.
Having worked for Expedia for over ten years, Gorin most recently held the position of president of Expedia for Business, where she oversaw the company’s B2B…
