Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027 
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
Sable Offshore Wins Key Court Battle Over California Oil Pipeline 
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion 
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
US Quantum Stocks Surge After $2 Billion Government Investment 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
SoftBank to Invest €75 Billion in France AI Data Center Expansion by 2031 
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership 
NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
Rising Airfares May Challenge Cruise Industry Growth Ahead of 2027 Booking Season 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
Expedia Group Inc., an American travel technology company, announced that its chief executive officer, Peter Kern, will step down later this year. The firm said it has already appointed Ariane Gorin as his successor.
Kern’s Leadership
The Seattle Times reported that the outgoing chief will remain in the company as vice chairman and board member until May 13. Expedia Group said Kern is also staying for a few months to work with Gorin to ensure a smooth transition.
Kern was first appointed CEO in April 2020, when the pandemic has driven many businesses to shut down. Despite the struggles and massive decline, Kern’s leadership helped Expedia recover from a 57% revenue decline in 2020 to record earnings in the fiscal year 2023. On Thursday, the company reported a $12.8 billion annual revenue result.
New CEO’s Extensive Work at Expedia
Ariane Gorin joined Expedia Group in 2013 and has held various executive roles since then. Her most recent role was president of the business unit, where she delivered exceptional financial results. She also led the company’s ads business, global supply partner group, and B2B partner network.
“Ariane Gorin is a superb executive that all of us at Expedia Group and our Board have worked with for ten years,” Expedia Group’s chairman and senior executive, Barry Diller, said in a press release. “We very much wanted an internal candidate to succeed to the CEO position, and following a comprehensive search, the Board determined Ariane was the best candidate given her exemplary leadership.”
The newly-appointed CEO also commented that she is very honored to be given the chance to lead the Expedia Group. “Leading our multibillion-dollar B2B business has been an incredible experience and I look forward to even greater growth ahead for the entire Company,” she said.
Finally, Diller thanked the outgoing chief for his excellent service since 2020. He affirms that Kern not only guided Expedia through the very challenging time during the pandemic but also successfully steered Expedia Group’s organizational and technological transformation.
Photo by: Expedia Media Room
