"Expedia's CEO Shake-Up: Ariane Gorin Takes the Helm Amid Stock Tumble"
Expedia Group announced that CEO Peter Kern will step down and Ariane Gorin, currently president of Expedia for Business, will succeed him, becoming the first woman to lead the company. The announcement came as a surprise, with Gorin set to take charge on May 13 and also join the board’s executive committee. Kern will stay on as vice chairman to assist with the transition, and the company's chairman, Barry Diller, expressed confidence in Gorin after an internal search for Kern's successor.