Derek Andersen to join Expedia Group (NASDAQ: EXPE) as Chief Financial Officer
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Expedia Group is changing its finance leadership. Scott Schenkel will step down as Chief Financial Officer effective May 11, 2026, and Derek Andersen, formerly CFO of Snap Inc., will take over the role. The company states Schenkel’s departure is not due to any disagreement on operations, policies, or accounting.
Under his at-will employment agreement, Andersen will receive a $1,000,000 annual base salary, a $2,500,000 cash signing bonus paid in installments, and relocation support including up to 13 months of $30,000 monthly housing allowance and up to $325,000 of home sale assistance. On the effective date, he will receive Expedia Group restricted stock units valued at $17,000,000 that vest in scheduled installments through February 2029, and he will be eligible for annual equity awards targeted at $10,000,000. If he is terminated without cause or resigns for good reason, he is entitled to 12 months of salary continuation, acceleration of equity that would vest in the following 12 months, COBRA-related payments, and any unpaid signing bonus.
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Insights
Expedia reshapes its finance leadership with a high-cost but structured CFO package.
Expedia Group is transitioning from Scott Schenkel to Derek Andersen as CFO, emphasizing continuity by clarifying that Schenkel’s departure is not due to disagreements. Andersen’s background at Snap, Amazon, and Fox Interactive aligns with technology-driven, consumer-facing platforms similar to Expedia’s travel marketplace.
The compensation package combines cash, relocation benefits, and sizeable equity. Andersen’s $1,000,000 salary, $2,500,000 signing bonus, and $17,000,000 initial RSU grant, plus a $10,000,000 annual equity target, are structured to retain him over several years via staggered vesting through February 2029.
Severance terms link protections to a “Qualifying Termination,” providing 12 months of salary continuation, partial equity acceleration, COBRA-related payments, and unpaid signing bonus amounts. Offsetting salary continuation by earnings from other employers and conditioning some relocation assistance on tenure help balance retention incentives with cost controls for shareholders.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Base salary: $1,000,000 per year
Signing bonus: $2,500,000 cash
Initial equity award: $17,000,000 in RSUs
+4 more
7 metrics
Base salary
$1,000,000 per year
Annual base salary for Derek Andersen as CFO
Signing bonus
$2,500,000 cash
Aggregate signing bonus paid in four installments tied to service
Initial equity award
$17,000,000 in RSUs
Grant of Expedia Group restricted stock units on May 11, 2026
Annual equity target
$10,000,000
Target value of future annual equity awards for Andersen
Housing allowance
$30,000 per month
Monthly housing allowance for up to 13 months during relocation
Home sale assistance cap
$325,000
Maximum reimbursement for sale of primary residence
Salary continuation period
12 months of base salary
Severance for a Qualifying Termination under Employment Agreement
Key Terms
Qualifying Termination, restricted stock units, COBRA continuation coverage, good reason, +2 more
6 terms
Qualifying Termination financial
"Upon a termination of Mr. Andersen’s employment by Expedia without cause ... or by Mr. Andersen for good reason (each, a “Qualifying Termination”)"
restricted stock units financial
"Mr. Andersen will receive a grant of Expedia Group restricted stock units (“RSUs”) with an aggregate value of $17,000,000"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
COBRA continuation coverage financial
"Expedia will pay Mr. Andersen a lump sum amount equal to the aggregate monthly premiums during the Salary Continuation Period for COBRA continuation coverage"
good reason financial
"or by Mr. Andersen for good reason (each, a “Qualifying Termination”)"
forward-looking statements regulatory
"This press release contains certain statements that constitute "forward-looking statements" within the meaning of federal securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): April 17, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip code)
(206 ) 481-7200
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||
| (Nasdaq Global Select Market) | ||||||||||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||||
| Emerging growth company | |||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | ||||
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Chief Financial Officer
On April 17, 2026, Expedia Group, Inc. (the “Company” or “Expedia Group”) and Scott Schenkel agreed that Mr. Schenkel would step down as the Company’s Chief Financial Officer, effective as of May 11, 2026 (the “Effective Date”). Mr. Schenkel’s departure is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices.
Appointment of Chief Financial Officer
On April 23, 2026, Expedia Group announced the appointment of Derek Andersen as the Company’s Chief Financial Officer, succeeding Mr. Schenkel in the role as of the Effective Date.
Mr. Andersen, age 48, served as Chief Financial Officer of Snap Inc. from May 2019 through April 2026, having previously served as Snap’s Vice President of Finance since joining the company in July 2018. Prior to Snap, Mr. Andersen was employed at Amazon.com, Inc. from March 2011 to June 2018, serving in a variety of roles, including as Vice President of Finance supporting Amazon’s digital video business. Mr. Andersen also previously served in roles at Fox Interactive Media, including as Senior Vice President, Finance and Business Operations for IGN, and as Vice President, Finance. Mr. Andersen holds a B.B.A from Acadia University, an M.B.A from the Haas School of Business at the University of California, Berkeley, and is a CFA charterholder.
In connection with Mr. Andersen’s appointment, Expedia, Inc. (“Expedia”), a wholly owned subsidiary of the Company, entered into an at-will employment agreement with Mr. Andersen with the following terms (the “Employment Agreement”):
Salary. Mr. Andersen will receive an annual base salary of $1,000,000.
Signing Bonus. Subject to his continued employment with Expedia, Mr. Andersen will receive an aggregate cash signing bonus of $2,500,000, to be paid as follows, in each case subject to his continued employment with Expedia through the applicable date: $500,000 on the Effective Date, $500,000 on the six-month anniversary of the Effective Date, $500,000 on the one-year anniversary of the Effective Date, and $1,000,000 on the second anniversary of the Effective Date.
Place of Work and Relocation Assistance. Mr. Andersen’s principal work location will be the Company’s headquarters in Seattle, Washington. He will move to Washington no later than July 2027 and until then he will obtain temporary housing in Washington and work from the Company’s headquarters consistent with the Company’s office policy requirements. In addition to benefits consistent with the Company’s policies and practices for executive relocations, Mr. Andersen will be entitled to receive a monthly housing allowance of $30,000 per month, for up to a total of 13 months, as well as reimbursement for reasonable expenses incurred for (i) up to three round-trip journeys to Seattle for him and his immediate family to facilitate housing searches, and (ii) the sale of his primary residence up to a maximum total of $325,000 (“Home Sale Assistance”). Any Home Sale Assistance payments must be repaid if Mr. Andersen is terminated by Expedia for cause or if he resigns without good reason within three years of the Effective Date (“cause” and “good reason” as defined in the Employment Agreement).
Severance. Upon a termination of Mr. Andersen’s employment by Expedia without cause (other than by reason of his death or disability) or by Mr. Andersen for good reason (each, a “Qualifying Termination”), subject to his execution and non-revocation of a release and compliance with the restrictive covenants described below:
•Expedia will continue to pay his base salary for 12 months (the “Salary Continuation Period”); provided that such payments will be offset by any amount earned by Mr. Andersen from another employer during such time period;
•all equity held by Mr. Andersen that otherwise would have vested during the 12-month period following termination of employment will accelerate; provided that any equity awards that vest less frequently than annually shall be treated as though such awards vested annually and any equity awards subject to performance conditions will vest only if and when such performance conditions are satisfied;
•Expedia will pay Mr. Andersen a lump sum amount equal to the aggregate monthly premiums during the Salary Continuation Period for COBRA continuation coverage under Expedia’s group health plans at the level of coverage in which Mr. Andersen participated; and
•Expedia will pay Mr. Andersen the amount of any unpaid signing bonus.
Restrictive Covenants. Other than in California, Mr. Andersen will be restricted from competing with the Company and from soliciting Expedia employees and business partners during the 12-month period following his termination of employment for any reason.
Equity Incentive Compensation. On the Effective Date, Mr. Andersen will receive a grant of Expedia Group restricted stock units (“RSUs”) with an aggregate value of $17,000,000 (with the number of RSUs calculated using the 30-day average closing price of Company common stock as of the last day of the month prior to the Effective Date) (the “Initial Equity Award”). The Initial Equity Award shall vest as follows: Seven-seventeenths (7/17) of the Initial Equity Award will vest in equal parts on May 15, 2026, August 15, 2026, November 15, 2026, and February 15, 2027; six-seventeenths (6/17) of the Initial Equity Award will vest in equal parts on May 15, 2027, August 15, 2027, November 15, 2027, and February 15, 2028; and four-seventeenths (4/17) of the Initial Equity Award will vest in equal parts on May 15, 2028, August 15, 2028, November 15, 2028, and February 15, 2029. Mr. Andersen will also be eligible to receive annual equity awards with a target value of $10,000,000.
The foregoing description of the Employment Agreement is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed as Exhibit 10.1 herewith and is incorporated by reference herein.
Mr. Andersen has no family relationships with any director or executive officer of Expedia Group, and there are no arrangements or understandings with any person pursuant to which he was appointed as chief financial officer of the Company. There are also no related person transactions between Mr. Andersen and Expedia Group that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Exchange Act. In his capacity as chief financial officer, Mr. Andersen will serve as Expedia Group’s principal financial officer.
Item 7.01. Regulation FD Disclosure.
A copy of the Company’s press release announcing the chief financial officer appointment is furnished with this Current Report on Form 8-K as Exhibit 99.1. The information set forth in this Item 7.01 and in the attached Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | |||||||
10.1 | Employment Agreement between Derek Andersen and Expedia, Inc., effective May 11, 2026 | |||||||
99.1 | Press Release dated April 23, 2026, Announcing CFO Appointment | |||||||
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EXPEDIA GROUP, INC. | ||||||||
| By: | /s/ Robert Dzielak | |||||||
| Robert Dzielak | ||||||||
| Chief Legal & People Officer, and Secretary | ||||||||
Dated: April 23, 2026
EXPEDIA GROUP APPOINTS DEREK ANDERSEN AS CHIEF FINANCIAL OFFICER
Thursday, April 23, 2026, SEATTLE - Expedia Group, Inc. (Nasdaq: EXPE) today announced that Derek Andersen has been appointed Chief Financial Officer, effective May 11, 2026. As CFO, Mr. Andersen will lead Expedia Group’s global finance organization and report to Chief Executive Officer Ariane Gorin. He succeeds Scott Schenkel, who is stepping down from the role of CFO after strengthening the company’s financial foundation and supporting margin expansion over the last 16 months. Mr. Schenkel will stay on through Expedia Group’s first quarter earnings call on May 7, 2026, before departing the company on May 16, 2026.
Mr. Andersen, who will be based in Seattle, brings extensive financial experience across technology and consumer businesses and will partner closely with the leadership team to advance the company's growth and long-term value creation for shareholders, partners, and travelers worldwide.
“Derek is the right financial executive to step into this role as we continue to advance our strategy as a global travel marketplace,” said Ariane Gorin, Chief Executive Officer, Expedia Group. “His financial acumen, strategic mindset, and deep understanding of technology-driven businesses will be important as we continue to innovate and deliver sustainable long-term growth while further expanding margins.”
Gorin added, “I am grateful to Scott for his contributions during his time with Expedia Group. His operational discipline, focus on efficiency, and partnership with the business have had meaningful impact.”
“It’s been a privilege to work at Expedia Group. I’m proud of what we’ve achieved and confident the team is well positioned to continue executing its value creation strategy,” said Scott Schenkel.
“I couldn’t be more pleased to join Expedia Group at this important moment and to be returning to Seattle,” said Derek Andersen. “The company has built strong assets, from its technology and consumer brands to one of the largest B2B businesses in the industry
and is well positioned to shape the future of travel. I look forward to working with Ariane and the entire leadership team to build on that foundation and drive the company’s next phase of performance and profitability.”
Mr. Andersen has led finance for high-growth, technology-driven consumer platforms across social media, streaming, ecommerce, and digital media. Prior to joining Expedia Group, he served as Chief Financial Officer of Snap Inc. from May 2019 through April 2026, having previously served as Snap’s Vice President of Finance since July 2018. Before Snap, Mr. Andersen held a variety of finance leadership roles at Amazon.com, Inc. from March 2011 to June 2018, including as Vice President of Finance supporting Amazon’s digital video business. He also held senior roles at Fox Interactive Media, including Senior Vice President, Finance and Business Operations for IGN, and Vice President, Finance. Mr. Andersen holds a B.B.A. from Acadia University, an M.B.A. from the Haas School of Business at the University of California, Berkeley, and is a CFA charterholder.
About Expedia Group
Expedia Group, Inc. (NASDAQ: EXPE) is the global travel marketplace with one purpose: to help travelers explore the world, one journey at a time. Expedia Group™ connects travelers, partners, and advertisers through its trusted brands, leading technology, and rich first-party data, delivering predictive, personalized experiences that shape the future of travel.
Expedia Group’s ecosystem includes three flagship consumer brands – Expedia®, Hotels.com®, and Vrbo®, as well as the largest B2B travel business, and a premier advertising network. Guided by an experienced and passionate global team, Expedia Group helps millions of travelers in more than 70 countries explore the world with confidence and ease.
© 2026 Expedia, Inc., an Expedia Group company.
For more information, visit www.expediagroup.com.
Media contact: press@expedia.com
Forward Looking Statements
This press release contains certain statements that constitute "forward-looking statements" within the meaning of federal securities laws, including statements regarding Expedia Group’s CFO transition and future prospects. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "will," "continue to," "positioned to," and variations of such words and similar phrases. Various uncertainties and other factors could cause actual results to differ materially from those contained in
the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings. Expedia Group assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Expedia Group’s reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.
FAQ
What leadership change did Expedia Group (EXPE) announce in this 8-K?
Expedia Group announced that Scott Schenkel will step down as Chief Financial Officer effective May 11, 2026, and Derek Andersen will assume the CFO role. Andersen will lead the global finance organization and report to Chief Executive Officer Ariane Gorin in Seattle.
What is Derek Andersen’s compensation as CFO of Expedia Group (EXPE)?
Derek Andersen will receive a $1,000,000 annual base salary and a $2,500,000 cash signing bonus paid over two years. He will also receive a $17,000,000 initial restricted stock unit grant and be eligible for annual equity awards targeted at $10,000,000, subject to vesting schedules.
What severance protections does Derek Andersen have at Expedia Group (EXPE)?
If Derek Andersen experiences a Qualifying Termination, he is entitled to 12 months of base salary continuation, accelerated vesting of equity that would vest over the next 12 months, a lump sum for COBRA premiums, and any unpaid signing bonus, all subject to a release and restrictive covenants.
What relocation and housing benefits will Expedia Group (EXPE) provide to Derek Andersen?
Andersen will work from Expedia’s Seattle headquarters and move to Washington by July 2027. He receives up to 13 months of $30,000 monthly housing allowance, travel support for up to three home-search trips, and up to $325,000 of home sale assistance, with certain repayment conditions.
How is Derek Andersen’s initial equity award at Expedia Group (EXPE) structured?
On the effective date, Andersen receives Expedia Group restricted stock units valued at $17,000,000, based on a 30‑day average stock price. The award vests in scheduled portions between May 2026 and February 2029, with tranches allocated across specific quarterly vesting dates.
Does Expedia Group (EXPE) mention why outgoing CFO Scott Schenkel is leaving?
The company states that Scott Schenkel’s departure as Chief Financial Officer is not the result of any disagreement with Expedia Group on operations, policies, or practices, including accounting principles and practices. He will remain through the first quarter earnings call before departing.