Mark Okerstrom

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Mark Okerstrom
Born1972/1973 (age 46–47)
Vancouver, BC, Canada
Alma mater
OccupationLawyer, technology executive
TitleFormer President/CEO Expedia Group

Mark Okerstrom (born 1972/1973) is a Canadian lawyer and technology executive in the hospitality sector. He was the president and chief executive officer of Expedia Group until December 4, 2019.

Early life and education[edit]

Okerstrom was born in Vancouver, British Columbia, and is the son of two school teachers.[1]

Okerstrom earned a certificate of liberal arts from Simon Fraser University in 1995, a Juris Doctor from the University of British Columbia in 1998, and a Master of Business Administration from Harvard Business School in 2004.[2][3]

Career[edit]

In his early career, Okerstrom was an associate at the law firms Fasken Martineau and Freshfields Bruckhaus Deringer from 1998 to 2002.[2][3][4] In 2003, he became an associate at investment bank UBS in London.[3][5] Okerstrom later became a consultant at Bain & Company in Boston and San Francisco from 2004 to 2006, handling mergers and acquisitions.[1][3][6][4] Okerstrom was recruited[3] to join Expedia Inc. in 2006 as head of Expedia's corporate development and strategy group.[1][2] He later served as senior director of operations, executive vice president of operations, and then became Expedia's chief financial officer in 2011.[2][3][7] During his tenure, the company doubled its annual revenue from 2012 to almost $8.8 billion in 2016.[5] Okerstrom served as the main negotiator in the company's investment stake in Trivago, and led the company's acquisitions of Travelocity and Wotif.[6]

In August 2017, Okerstrom became CEO of Expedia, succeeding Dara Khosrowshahi.[7][8] He also serves on the board of directors.[7] Okerstrom led the rebrand of Expedia, Inc. to Expedia Group in 2018.[5][9]

According to the New York Times, Okerstrom was 23rd on the list of the highest paid CEOs of companies with revenues of at least $1 billion for 2017.[10]

On December 4, 2019, Okerstrom and his CFO Alan Pickerill resigned from their respective roles at Expedia Group due to a difference of opinion on strategic alignment with the board.[11]

Personal life[edit]

Okerstrom is married and has two daughters.[2]

References[edit]

  1. ^ a b c Greenstone, Scott (September 25, 2017). "New Expedia CEO Mark Okerstrom has a hard act to follow". The Seattle Times. Retrieved October 16, 2019.
  2. ^ a b c d e Higgins, Laine (November 23, 2018). "Expedia's Mark Okerstrom on His Quest To Build One 'Incredible Synthetic Mentor'". The Wall Street Journal. Retrieved October 16, 2019.
  3. ^ a b c d e f Broberg, Brad (March 14, 2014). "CFO of the Year 2014: Mark Okerstrom". Puget Sound Business Journal. Retrieved October 18, 2019.
  4. ^ a b "Mark D Okerstrom". Bloomberg. Retrieved November 22, 2019.
  5. ^ a b c Murphy, Margi (December 14, 2018). "From 'complete failure' to boss of Expedia: Mark Okerstrom on being a travel tycoon". The Daily Telegraph. Retrieved October 16, 2019.
  6. ^ a b "Expedia's New CEO: Who's Who in Executive Leadership". Skift. August 28, 2017. Retrieved October 16, 2019.
  7. ^ a b c Day, Matt (August 30, 2017). "Expedia picks CFO Mark Okerstrom to fill CEO spot". The Seattle Times. Retrieved October 16, 2019.
  8. ^ Hook, Leslie (September 18, 2017). "New Expedia chief to step up global expansion". Financial Times. Retrieved October 16, 2019.
  9. ^ Schaal, Dennis (March 26, 2018). "Expedia Tweaks Name After Priceline Rebrand". Skift. Retrieved October 16, 2019.
  10. ^ "The Highest-Paid C.E.O.s in 2017". The New York Times. May 25, 2018. Retrieved November 22, 2019.
  11. ^ "Expedia CEO and CFO resign in surprise shakeup, as Barry Diller asserts control over travel giant". Geekwire. December 4, 2019. Retrieved December 4, 2019.
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