Dive Brief:
- Travel platform Expedia named Derek Andersen, most recently the CFO for Snapchat parent Snap, as its next incoming finance chief effective May 11, according to a Thursday press release and securities filing.
- Andersen will succeed General Electric and eBay alum Scott Schenkel, who will step down “after strengthening the company’s financial foundation and supporting margin expansion over the last 16 months,” the Seattle, Wash.-based travel search and booking site said in the press release. Schenkel will remain with Expedia through its first quarter 2026 earnings report, set for May 7, and will depart May 16, according to the filing with the Securities and Exchange Commission.
- “I couldn’t be more pleased to join Expedia Group at this important moment and to be returning to Seattle,” Andersen said in a statement. “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 [CEO Ariane Gorin] and the entire leadership team to build on that foundation and drive the company’s next phase of performance and profitability.”
Dive Insight:
Andersen, 48, served seven years as Snap’s CFO beginning in 2019, according to his LinkedIn profile, with the company announcing Tuesday he would be departing from his role effective May 8 for another opportunity. The Snapchat parent named Doug Hott, the social and technology platform’s VP of finance, strategy and corporate development as its next finance chief, CFO Dive previously reported.
Prior to Snap, Andersen served as VP of finance for e-commerce platform Amazon and held executive finance roles for Fox Interactive Media.
In association with his appointment as CFO, Andersen will relocate to Seattle no later than July 2027, according to the SEC filing. Until his permanent relocation, he will obtain temporary housing and “work from the company’s headquarters consistent with the company’s office policy requirements,” the company said — receiving a monthly housing stipend of $30,000 for a period up to 13 months as well as reimbursement for previous expenses.
He will receive an annual base salary of $1 million as CFO, according to the filing. He is also set to receive a grant of restricted stock units with an aggregate value of $17 million, set to vest over a three-year period, and is eligible to receive a target annual equity award of $10 million.
He is also eligible to receive an aggregate cash signing bonus of $2.5 million, subject to his continued employment with Expedia.
The bonus will be paid in increments: $500,000 when taking the finance chief seat on May 11, $500,000 six months following the effective date of his employment, $500,000 on the one-year anniversary of his employment and $1 million on the second anniversary, the company said in the filing.
Andersen will be the third executive to step into Expedia’s CFO seat since Gorin, a long-time company alum, took the CEO chair in February 2024. Schenkel’s 16 month tenure kicked off December 2024 with the departure of Julie Whelan, who served as finance chief for approximately two years starting September 2022, according to company announcements.
The business will lean on his “financial acumen, strategic mindset and deep understanding of technology-driven businesses” as it seeks to continue to foster long-term growth and further expand its margins, Gorin said in a statement Thursday.
The company saw its revenue margin — revenue as a percentage of gross bookings — grow by 10 basis points to reach 13.1% for its fourth quarter of 2025, with revenue of $3.5 billion for the period, according to its Q4 and full-year 2025 earnings report.
