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EXPEDIA GROUP, INC.

(EXPE)
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Expedia Group Brings in Executives From Apple, Verizon; Others Set to Depart Amid Restructuring

05/24/2021 | 09:39am EDT

By Dave Sebastian

Expedia Group Inc. Monday said it tapped executives from Apple Inc. and Verizon Communications Inc. to its C-suite, effective May 31, and reclassified its operating structure, an endeavor that will entail several executives leaving the company.

The online-travel agency on Monday said it is appointing Rathi Murthy, the chief technology officer of the Verizon Media unit, to the same position at Expedia as well as president of the newly structured Expedia Services business. Jon Gieselman, who led marketing for Apple's services portfolio, will become president of the newly structured Expedia Brands, the company said.

Apart from Services and Brands, Expedia said its new operating structure will also include Expedia Marketplace and Expedia for Business. Leaving the company in the next several months are Cyril Ranque, president of the Travel Partners Group business; Adam Jay, president and co-lead of marketing; and Tucker Moodey, president of retail product and technology, Expedia said.

Jeff Hurst, Expedia's previous president and co-lead of marketing, will become Expedia Brands' operating chief, reporting to Mr. Gieselman, the company said. John Kim, the previous president of platform and marketplaces, will become the president of Expedia Marketplace, the company added. Ariane Gorin, the president of Expedia Business Services, will become president of the newly formed Expedia for Business, which oversees business-to-business relationships.

"As we move into four clearer operating divisions, the addition of Rathi and Jon and new roles for John and Ariane demonstrate our commitment to simplifying our business so we can be more agile and deliver innovative products faster," said Peter Kern, Expedia's vice chairman and chief executive.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

05-24-21 0938ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.02% 144.98 Delayed Quote.10.61%
DJ INDUSTRIAL -0.08% 35042.47 Delayed Quote.14.83%
EXPEDIA GROUP, INC. -1.08% 161.89 Delayed Quote.23.66%
PARTNERS GROUP HOLDING AG 1.29% 1532.5 Delayed Quote.45.48%
TRIVAGO N.V. 5.82% 3.065 Delayed Quote.20.66%
VERIZON COMMUNICATIONS -0.42% 56.035 Delayed Quote.-5.06%
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Financials (USD)
Sales 2021 8 252 M - -
Net income 2021 -556 M - -
Net Debt 2021 3 087 M - -
P/E ratio 2021 -47,7x
Yield 2021 -
Capitalization 24 062 M 24 062 M -
EV / Sales 2021 3,29x
EV / Sales 2022 2,32x
Nbr of Employees 19 100
Free-Float 48,4%
Chart EXPEDIA GROUP, INC.
Duration : Period :
Expedia Group, Inc. Technical Analysis Chart | EXPE | US30212P3038 | MarketScreener
Technical analysis trends EXPEDIA GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Last Close Price 163,72 $
Average target price 190,15 $
Spread / Average Target 16,1%
EPS Revisions
Managers and Directors
Peter M. Kern Vice Chairman & Chief Executive Officer
Eric M. Hart Chief Financial & Strategy Officer
Barry Charles Diller Chairman
Tucker Moodey President-Retail Product & Technology
Rathi Murthy CTO & President-Expedia Services
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