HomeAway Shuffles Management As European Operations Dampen Earnings


Skift Take

HomeAway is facing a relatively tough time in Europe where its subscription listing business is off and foreign exchange woes are impacting performance.

HomeAway announced that co-founder and chief strategy officer Carl Shepherd will retire in the second half of the year and president and COO Brent Bellm will leave the vacation rental giant in June. The transitions come as HomeAway reported first quarter weakness in its European subscription business, due in part to the heavy lifting involved in migrating France-based Homelidays, which was acquired in 2009. Officials said softness resulting from the Homel