Entertainment

Expedia names new chief financial officer, capping whirlwind week with smooth transition

Expedia Inc. named one among its veteran monetary leaders, Alan Pickerill, as — rapidly filling a emptiness created by the promotion of the web journey big’s earlier CFO, Mark Okerstrom, after Uber picked longtime Expedia chief Dara Khosrowshahi as its new CEO earlier this week.

Pickerill has labored at Expedia for nearly 10 years, beforehand working as the corporate’s senior vice chairman, treasurer and head of investor relations. His 30-year finance and accounting profession has included roles at publicly traded corporations together with Microsoft and Getty Pictures.

In an inner e mail to staff this morning, Okerstrom mentioned the selection of Pickerill to succeed him as CFO was a pure one, ensuing from “robust succession planning and Alan’s glorious monitor document.”

We selected Alan for a lot of causes. Over his years right here, Alan has established himself as a trusted advisor to me (in addition to Dara and Barry Diller) with respect to all issues Investor and Capital Markets associated. He has a strong strategic head and glorious monetary and enterprise acumen. These expertise mixed with Alan’s eager eye for element, even temperament and a deep understanding of (and love for) all issues Expedia make him a fantastic match for the position. It’s additionally why he has earned the respect of the Investor/Wall Avenue neighborhood in addition to our Board, which can go a protracted strategy to making this transition tremendous clean.

Expedia Inc., based mostly in Bellevue, Wash., consists of journey and lodging manufacturers Orbitz, Travelocity, Trivago, Inns.com, Hotwire, HomeAway and the flagship Expedia website, amongst others. Khosrowshahi led the corporate for 12 years earlier than .

Diller, Expedia’s chairman, foreshadowed the inner succession course of , saying that Khosrowshahi would depart behind “a tremendously gifted corps of executives” on the on-line journey conglomerate.

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