Expedia Appoints Mark Okerstrom To Succeed Khosrowshahi As President And CEO

(RTTNews) - Expedia Inc. (EXPE) announced that its Board of Directors has approved the appointment of Mark Okerstrom, currently Chief Financial Officer and Executive Vice President of Operations, to succeed Dara Khosrowshahi as President and CEO of Expedia. Okerstrom will also join Expedia's Board of Directors, and Mr. Khosrowshahi will continue to be a member of Expedia's Board of Directors.

Expedia Chairman Barry Diller said, "We all wish Dara Khosrowshahi the best good fortune as Uber's CEO. I think we are both proud that he leaves behind such a talented organization."

Mark Okerstrom has served as Expedia's Executive Vice President, Operations, and Chief Financial Officer since September 2011, previously serving as its Secretary from October 2011 until April 2012. In his role as CFO, he held responsibility for all aspects of finance, including planning & analysis, accounting, tax, treasury, internal audit, procurement, real estate and investor relations, as well as corporate strategy and M&A for Expedia, Inc. Mr. Okerstrom's role was expanded in 2014, adding responsibility for the Company's eCommerce Platform Group which includes centralized technology, payments, risk, and global customer operations.

Okerstrom served as Senior Director, Corporate Development and Strategy, Vice President of Corporate Development and Strategy, and Senior Vice President of Corporate Development from 2006, when he joined, to 2011.

Prior to joining Expedia, Mr. Okerstrom was a consultant with Bain & Company in Boston and San Francisco, and worked with UBS Investment Bank in London. Prior to that, he practiced as an attorney with the global law firm of Freshfields Bruckhaus Deringer in London.