Business »  Topic »  Expedia CEO, CFO resign after clash over strategy with board

Expedia CEO, CFO resign after clash over strategy with board


(Reuters) - Expedia Group Inc’s (EXPE.O) chief executive officer and finance head have resigned following a disagreement with the online travel company’s board over its business outlook, Chairman Barry Diller said on Wednesday.

Billionaire Diller, who also chairs Expedia’s former parent IAC/InterActiveCorp IACI.O, said he will oversee the executive leadership team along with Vice Chairman Peter Kern until the board finds a replacement.

“Ultimately, senior management and the board disagreed on strategy,” Chairman Barry Diller said in a statement, adding that the company’s reorganization plan launched earlier this year had led to disappointing third-quarter ...


Read the full text reuters