Priceline Replaces CEO With Booking.com Boss

Priceline announced today that CEO Jeffery Boyd was being replaced by Booking.com CEO Darren Huston. Priceline's growth is the envy of its online booking peers, and the company sees the business that Huston built at Booking.com as its best path toward continued growth. Priceline's third-quarter earnings saw its net income rise 39.5% to $833 million, propelled by a 36% jump in hotel room nights. Asked about the management changes in Priceline's third quarter earnings call, Boyd said the move was part of the Priceline's long-term transition planning. Huston leads "the biggest brand within the group," Boyd said, adding that it was a "very logical and great choice for Darren to be CEO of the group." Boyd said he's been involved with Priceline for 14 years and there is a personal element in the decision in that it gives him "the opportuni