Expedia's New CEO: Who's Who in Executive Leadership


Skift Take

Expedia has promising candidates if it chooses to look internally for a permanent replacement for outgoing CEO Dara Khosrowshahi. Our guess for the interim pick is CFO Mark Okerstrom.
In the wake of Uber’s board picking Dara Khosrowshahi, the head of Expedia, to serve as its new chief executive, the online travel agency conglomerate is looking for a new boss. A survey of the company's leadership team reveals a slate of executives with a diverse set of skills. >> Editor's Note: CFO Mark Okerstrom was selected as Expedia's new CEO on August 30. Read the full story here.  Mark Okerstrom, as chief financial officer, has often stepped in when Khosrowshahi hasn't been able to do a major task — be it a speech, an investor roadshow, or a negotiation. Canadian-born Okerstrom, 44, is a rarity among C-suite executives in being fluent in numbers and skilled at public speaking. Unlike many people who spend their days in Excel and Powerpoint, Okerstrom is charismatic enough to represent his corporation in public forums such as television, investor calls, and global conferences. Okerstrom, a lawyer by training, was a pivotal negotiator for the company's investment stake in German metasearch site Trivago, which has since proven lucrative. He was also instrumental in the acquisitions of the online travel agencies Travelocity and Wotif. Earlier in his career, he handled mergers and acquisitions work for Bain & Company’s private equity arm. Okerstrom has supporters. Brad Gerstner, chief of Altimeter Capital Management LP — a hedge fund that heavily invests in the travel sector and had a market value of $2.4 billion at the end of June — said on Twitter that it was a clear choice that Mark Okerstrom should be next CEO of Expedia because he is "a key reason Exped