Expedia has announced that its Board of Directors has approved the appointment of Mark Okerstrom as President and Chief Executive of the company. He will succeed Dara Khosrowshahi who was appointed Chief Executive of Uber earlier this week.
Okerstrom will also join Expedia’s board of directors, while Khosrowshahi will continue to be a member of Expedia’s board.
Okerstrom has served as Expedia’s Executive Vice President, Operations, and Chief Financial Officer since September 2011, previously serving as its Secretary from 2011 until 2012. In his role as CFO, he held responsibility for all aspects of finance, including planning & analysis, accounting, tax, treasury, internal audit, procurement, real estate and investor relations, as well as corporate strategy for Expedia.