Priceline Group's New CEO Is Veteran Merger Guru Glenn Fogel
Skift Take
The selection of Glenn Fogel as CEO is likely one that will please Wall Street as he represents stability and is highly regarded inside the travel industry and beyond it. Is it purely coincidence that the Group announces its CEO pick after eight months of looking, hours before Expedia's Trivago is slated to price its IPO? Probably not.
As we reported in October would be the outcome, the Priceline Group today named Glenn Fogel its new CEO after an eight-month search.
With Fogel, 54, ascending from his longtime position as the Group's executive vice president and head of worldwide strategy and planning to the CEO position, effective January 1, Interim CEO Jeff Boyd transitions from non-executive chairman to executive chairman.
The new title for Boyd, who was CEO from 2002 to 2013, means his duties evolve from strictly board matters to more involvement in operations, although he won't be hands-on in daily matters. Fogel, who has never held a CEO tit
