Expedia shares rise after CEO and CF are shown the door
posted on : 2019-12-05 20:26:55

The online travel services company Expedia has announced that the company's chief executive officer mark Okerstrom and Chief financial officer Allan pickerill are moving out of the company after serving in the in their roles for nearly about 2 years. This comes as an aftermath of their disagreement with the board of directors of the company on the vision they hold for company's future and the strategy they would like to adapt to accomplish that vision. Expedia Chairman and Vice Chairman will be acting as interim caretakers while the board Looks for long-term leadership for the company. Earlier on November 9, just after the company posted weaker than expected earnings for the third quarter, Expedia has seen a sharp drop in their share value by as much as 27 percentage. It appears that the board has reviewed the outlook the CEO of the CFO has for the company and their vision and seem to hhave disagreed with that Outlook and also with their vision for the growth of the company and appears to have felt that the change at the CXO evel is needed for the company to accelerate it growth in 2020.
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