Seattle-based journey large Expedia Group named Patricia Menendez-Cambo, deputy basic counsel of SoftBank Group and basic counsel of the SoftBank Latin America Fund and SoftBank Alternative Fund, to its board of administrators.
Menendez-Cambo fills a emptiness created by the resignation in January of longtime board member A. George “Skip” Battle. She joined the board’s audit committee, satisfying a Nasdaq rule requiring three unbiased administrators on the audit committee, Expedia mentioned.
Expedia Group, primarily based in Seattle, consists of journey manufacturers resembling Vrbo, Orbitz, Hotwire, Trivago, Motels.com, and Egencia along with the flagship Expedia.com. The pandemic took a unprecedented toll on the corporate’s enterprise amid the huge slowdown in international journey. Annual income fell 57% to $5.2 billion in 2020, and gross bookings fell 66% to $36.7 billion.
In an announcement launched by the corporate, Menendez-Cambo described journey as “crucial to the worldwide economic system,” saying that she’s excited to hitch the Expedia Group board “throughout an period of restoration and transformation for the journey business.”
Previous to becoming a member of SoftBank, Menendez-Cambo was an government at Greenberg Traurig, serving in roles together with vice chair and member of the legislation agency’s government committee. She holds a legislation diploma from the College of Pennsylvania Carey Legislation Faculty and a enterprise diploma from the College of Miami.
Expedia’s board has 14 members, together with chairman and senior government Barry Diller; Clinton Basis vice chair Chelsea Clinton; Uber CEO and former Expedia Group CEO Dara Khosrowshahi; and Open AI CEO Sam Altman; amongst others. Vice chairman Peter Kern took over final yr as Expedia Group CEO following the ouster of earlier CEO Mark Okerstrom in December 2019.