Matt Epstein Joins Travelzoo's Global Executive Team
Travelzoo (NASDAQ: TZOO) has announced the hiring of Matt Epstein as Chief Transformation Officer, effective June 12, 2024. Epstein will be part of the global executive team in New York City, focusing on accelerating new developments in Travelzoo's membership. He joins from Walmart where he served as Vice President, Walmart+ Member Experience, Care, and Retention. Epstein has previously held senior roles at SiriusXM Radio and Amazon. He holds an MBA from Darden Graduate School of Business. As part of his compensation, Epstein will receive an option to purchase 100,000 shares of Travelzoo's common stock, vesting over four years. Travelzoo's Global CEO, Holger Bartel, expressed enthusiasm about Epstein's appointment, highlighting its strategic timing amid the company's expansion efforts.
- Travelzoo hires Matt Epstein, a seasoned executive with extensive experience at Walmart, SiriusXM Radio, and Amazon.
- Epstein's appointment comes at a pivotal time for Travelzoo, aligning with the company's expansion initiatives.
- Epstein has an MBA from Darden Graduate School of Business, indicating strong academic qualifications.
- Epstein's role focuses on accelerating new developments in Travelzoo's membership, potentially driving growth.
- The stock option grant of 100,000 shares to Epstein, vesting annually over four years, introduces potential shareholder dilution risks.
- Epstein's compensation package ties him to the company for at least four years, which might limit flexibility in leadership changes if needed.
Mr. Epstein will join Travelzoo on June 12 from Walmart where he is Vice President, Walmart+ Member Experience, Care, and Retention. From 2018 to 2022, he was Vice President and General Manager – Streaming Business at SiriusXM Radio. From 2011 to 2018, he held business development and general management positions in Amazon's Worldwide Prime, Prime Music, and Fresh divisions. He received his MBA from Darden Graduate School of Business.
As a material inducement for Mr. Epstein, in accordance with NASDAQ Listing Rule 5635(c)(4), the compensation committee of the board of directors of Travelzoo approved the grant to Mr. Epstein of an option to purchase 100,000 shares of the company's common stock at the official NASDAQ closing on the date of grant, being his start date. The option will vest annually over four years, subject to Mr. Epstein's continued employment on such vesting dates. The option expires in five years.
"We are excited about having Matt on our team," said Holger Bartel, Travelzoo's Global CEO. "He brings his special expertise to Travelzoo at a pivotal time as we expand our offering."
About Travelzoo
We, Travelzoo®, are the club for travel enthusiasts. Our 30 million members receive exclusive offers and one-of-a-kind experiences personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals.
Travelzoo is a registered trademark of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.
Media Contacts:
Gabe Saglie –
+1 805 453 1209
gsaglie@travelzoo.com
Cat
+44 77 7678 1525
cjordan@travelzoo.com
Natalia Cwierz –
+49 178 335 8784
ncwierz@travelzoo.com
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SOURCE Travelzoo
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