The company said Wednesday that the resignations of CEO
Diller said a reorganization plan pushed by the departing executives was sound in concept but led to a loss of focus, disappointing earnings and a “lackluster” short-term outlook. He said the board believes the company can grow faster in 2020.
Diller and Vice Chairman
Okerstrom joined Expedia in 2006, rose to CFO in 2011 and was named CEO in
Expedia said the board also authorized the buyback of up to 20 million more shares on top of 9 million shares that can be repurchased under a previous decision.
Shares of
The
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