BELLEVUE, Wash. — Expedia, Inc. has named Mark Okerstrom to succeed Dara Khosrowshahi as president and CEO of Expedia. Okerstrom will also join Expedia’s Board of Directors.
“We all wish Dara Khosrowshahi the best good fortune as Uber’s CEO,” says Expedia chairman Barry Diller. “We are proud that he leaves behind such a talented organization. Under Mark’s leadership, surrounded by his excellent and tenured executive team, I’m confident we’ll continue to grow and prosper.”
Okerstrom has served as Expedia’s executive vice-president, Operations and CFO 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 and analysis, accounting, tax, treasury, internal audit, procurement, real-estate and investor relations, as well as corporate strategy and M&A for Expedia, Inc. His role was expanded in 2014, adding responsibility for the company’s eCommerce Platform Group, which includes centralized technology, payments, risk and global customer operations.
“Mark has been by my side through every major milestone in this company for much of the last 11 years and I’m passing these reins into the best hands,” says Khosrowshahi. “He is a tireless, strategic and steadfast leader who has pushed me to be my best self while having Expedia, Inc.’s best interests front and center at every step.”
Prior to joining Expedia, 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.
