Expedia Inc. Chief Financial Officer Michael Adler is leaving the company after six years in his position.
Bellevue-based Expedia announced Thursday that Adler will stay on as the company completes a spin-off of the review site TripAdvisor.
Mark Okerstrom, currently senior vice president of corporate development, will be appointed as the company’s new CFO and will assume the role after the transition period.
“During his tenure, Mike helped steer the company through the global financial crisis and positioned us with a rock-solid balance sheet as we approach the date of the TripAdvisor spin-off,” said Dara Khosrowshahi, Expedia, Inc. president and CEO. “We will miss his guidance, leadership and sense of humor and thank him for helping shape Expedia into the company that it is today.”
Okerstrom joined Expedia in 2006, and he currently leads the company’s corporate strategic planning and mergers and acquisitions functions. Prior to joining Expedia, Okerstrom was with strategy consultancy Bain & Company in Boston and San Francisco and was also a mergers and acquisitions attorney with the global law firm of Freshfields Bruckhaus Deringer in London.
Okerstrom holds an MBA from Harvard Business School and a law degree from the University of British Columbia.