Expedia names former Snap executive as new CFO
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3 Articles
Expedia Stock Sinks After Former Snap CFO Derek Andersen Takes Finance Job Before Earnings
Expedia Group named former Snap CFO Derek Andersen as its next chief financial officer, effective May 11. Shares fell 5.4% after the announcement. Outgoing CFO Scott Schenkel will remain through the May 7 earnings call and depart May 16. Andersen’s pay package includes a $1 million salary, $2.5 million signing bonus, and $17 million in restricted stock units. The post Expedia Stock Sinks After Former Snap CFO Derek Andersen Takes Finance Job Bef…
Expedia names former Snap executive as new CFO
Expedia Group has appointed Derek Andersen as its new finance chief. Andersen, formerly with Snapchat parent Snap, will assume his new role on May 11. He will report to CEO Ariane Gorin. This leadership change occurs as the online travel industry faces potential disruption from AI. Outgoing CFO Scott Schenkel departs after 16 months.
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