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ⓘ Mark Okerstrom is a Canadian lawyer and technology executive in the hospitality sector. He was the president and chief executive officer of Expedia Group until ..




                                     

ⓘ Mark Okerstrom

Mark Okerstrom 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.

                                     

1. Early life and education

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

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. Career

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

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

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.

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.

                                     
  • Forgiveness jacobdeshazer.com, 2010. Doolittle and Glines 1991, p. 12. Okerstrom 2015, pp. 140 41. Brickhill, Paul. The Great Escape New York: W.W. Norton
  •  263 264. Leeuw 2008. Tunner 1955, p. 45. Carter 1958, p. 25. Okerstrom 2015, p. 133. Okerstrom 2015, p. 132. Weaver Bowen 1950, p. 448. Carter 1958, pp

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