Alan Pickerill, who is currently senior vice president, treasurer and head of investor relations, will take over as CFO and executive vice president.
Expedia’s eCommerce Platform team and its Corporate Development team will continue to report directly to Okerstrom.
Pickerill, who joined Expedia in 2008, has finance and accounting experience spanning nearly 30 years, according to the Expedia website, and began his career as an accountant at Deloitte and Touche, where he practiced for seven years before moving into senior finance leadership roles at companies including Microsoft and Getty Images.
Mr. Okerstrom will also join Expedia’s Board of Directors, and Mr. Khosrowshahi will continue to be a member of Expedia’s Board of Directors.
Expedia Chairman Barry Diller said, Prior to Dara leaving, Mark Okerstrom was his principal partner in operating the Company – and therefore this transition is as natural as water flowing down a snow-packed mountain. There was no other candidate that the Board considered. Under Mark’s leadership, surrounded by his excellent and tenured executive team, I’m confident we’ll continue to grow and prosper.”
Dara Khosrowshahi said, “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. 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. I am incredibly excited to watch Expedia continue to flourish with his leadership.”
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Okerstrom said of the new CFO appointment: “Alan has been a critical member of the Expedia financial leadership team for nearly 10 years and during that time has established himself as a highly capable leader and financial thought partner, to not only me but also our entire executive team.
“A smart, experienced and savvy finance professional, Alan combines his broad functional expertise with a deep knowledge of Expedia and the well-earned respect of the broader investment and finance community at large.
“As we enter our next chapter of growth, there is no better person to stand by my side at the financial helm of Expedia.”