Summary by Futu AI
Expedia announced the appointment of Scott Schenkel as Chief Financial Officer, effective after the filing of its 2024 Annual Report. Schenkel, who previously served as eBay's Interim CEO and CFO, brings over 30 years of global business and financial leadership experience across e-commerce, healthcare, and technology sectors.Under the employment agreement, Schenkel will receive an annual base salary of $1 million and signing bonuses totaling $5.2 million. His compensation package includes an initial equity grant of 87,163 restricted stock units and eligibility for annual equity awards valued at $10 million. The role is based at Expedia's Seattle headquarters, with relocation assistance and temporary housing support provided.Julie Whalen will continue as CFO until the transition date to ensure a smooth handover. Schenkel's appointment comes with standard executive benefits, including severance provisions and a 12-month non-compete clause. His employment with Expedia is scheduled to commence on December 30, 2024.