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By August 31, 2017 0 Comments

Expedia Appoints New CEO, Expecting Smooth Transition

Expedia (EXPE) late Wednesday announced that its board of directors approved the appointment of Mark Okerstrom as its new president and chief executive.

XAutoplay: On | OffOkerstrom had been serving as the online travel company’s chief financial officer and executive vice president of operations. He succeeds Dara Khosrowshahi, who left the company to join Uber as its new CEO.

Okerstrom was Khosrowshahi’s  principal partner in operating the company, “and therefore this transition is as natural as water flowing down a snow-packed mountain,” said Expedia Chairman Barry Diller, in prepared remarks. “There was no other candidate that the board considered.”

Okerstrom joined Expedia in 2006.

Expedia shares were up 0.2%, near 143.75, during after-hours trading in the stock market today.

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