Expedia Group yesterday announced the resignation of Mark Okerstrom as CEO and a member of the Board of Directors and CFO Alan Pickerill, effective immediately.
Barry Diller, Chairman of the Board, and Vice Chairman Peter Kern, Director of Expedia, will oversee the company's executive leadership team, managing day-to-day operations, while the Board determines the long-term leadership of the Company.
Eric Hart, the Company's Chief Strategy Officer, will serve as acting CFO. Ariane Gorin, who most recently served as President of Expedia Partner Solutions, is being promoted and will have an expanded role as President, Expedia Business Services.
The Company also announced today a new share repurchase authorization for up to an additional 20 million shares of the Company's common stock, which is in addition to the 9 million shares available under the Company's existing authorization. Accordingly, the Company now has approximately 29 million shares available under its repurchase program.
Read Original Article