Expedia Inc. said late Wednesday its board of directors has approved the appointment of Mark Okerstrom, currently chief financial officer and executive vice president of operations, to succeed Dara Khosrowshahi as president and CEO of Expedia. Okerstrom will also join Expedia’s board. Khosrowshahi was named Uber Technologies Inc.’s CEO earlier this week. He will continue to be a member of Expedia’s board, the company said. “Prior to Dara leaving, Mark Okerstrom was his principal partner in operating the company — and therefore this transition is as natural as water flowing down a snow-packed mountain. There was no other candidate that the Board considered,” chairman Barry Diller said in a statement. Shares of Expedia rose 0.2% in the late session after ending the regular trading day down 0.4%.
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