Expedia Abruptly Appoints New CFO — the 3rd Under CEO Ariane Gorin

Key Points

• Expedia Group appointed Derek Andersen as its new CFO, marking the third CFO under CEO Ariane Gorin in less than two years.
• Derek Andersen previously served as CFO at Snap and held financial roles at Amazon; he will be based in Seattle.
• Expedia states the CFO transition was amicable and not due to financial disagreements, as the company continues strong financial performance.

Summary

Expedia Group has named Derek Andersen, formerly CFO at Snap and an Amazon alum, as its new chief financial officer, becoming the third person to hold the role under CEO Ariane Gorin in under two years. The company states that outgoing CFO Scott Schenkel's departure was not due to any disagreement regarding financial operations. Andersen, who will work out of Seattle, joins as Expedia maintains solid financial footing and a rising stock price, and will receive a significant compensation package upon starting.