Expedia Group has appointed Derek Andersen as Chief Financial Officer, effective 11 May 2026. Andersen will lead the company’s global finance organisation and report directly to Chief Executive Officer Ariane Gorin, as the world’s leading travel marketplace enters what executives describe as its next phase of performance and profitability.
Andersen joins from Snap Inc., where he served as CFO from May 2019 through April 2026 – a tenure of nearly seven years during which he guided the social media platform’s finance operations through rapid user growth, sustained cost-efficiency drives, and significant strategic restructuring. He joined Snap in July 2018 as Vice President of Finance, before being elevated to the chief financial role the following year. His departure coincided with Snap’s announcement of a 16 per cent workforce reduction as the company accelerated its pivot towards artificial intelligence – a context that underscores the depth of financial leadership experience Andersen brings to his new role.
Before Snap, Andersen spent seven years at Amazon, from March 2011 to June 2018, where he held a range of finance leadership positions across the company’s digital video and digital music businesses, most recently as Vice President of Finance supporting Amazon’s digital video division. Earlier in his career, he held senior roles at Fox Interactive Media, including Senior Vice President of Finance and Business Operations for IGN and Vice President of Finance – positions that gave him early exposure to the intersection of media, technology and consumer platforms.
Andersen holds a Bachelor of Business Administration from Acadia University and an MBA from the Haas School of Business at the University of California, Berkeley. He is also a CFA charterholder, a credential that reflects the analytical rigour he has brought to each of his finance leadership roles across more than two decades in the industry.
He succeeds Scott Schenkel, who is departing following 16 months in the CFO position. Gorin acknowledged Schenkel’s contribution, noting his operational discipline and focus on efficiency had strengthened the company’s financial foundation and supported margin expansion during his tenure. Schenkel will remain with Expedia Group through the company’s first-quarter earnings call on 7 May 2026 before departing on 16 May.
Speaking on his appointment, Andersen said the company has built strong assets – from its technology and consumer brands to one of the largest B2B travel businesses in the industry – and that he looks forward to building on that foundation with the leadership team.
Expedia Group operates as a global travel marketplace serving millions of travellers across more than 70 countries. Its consumer portfolio spans three flagship brands – Expedia, Hotels.com and Vrbo – alongside a rapidly growing B2B division and a premier travel advertising network. Under Gorin’s leadership since May 2024, the company has undergone a strategic shift from internal integration to outward acceleration, with particular emphasis on B2B expansion, loyalty programme rollout and the integration of generative AI across its platforms.
That momentum has produced measurable results. In the third quarter of 2025, the group reported revenue of $4.4 billion, a nine per cent year-on-year increase, with gross bookings reaching $30.7 billion – up 12 per cent – driven by strong international demand. Adjusted EBITDA margin reached 32.9 per cent in the same period, the highest in recent memory, reflecting the operating leverage of the company’s unified technology stack. For the full year 2025, Expedia Group posted GAAP net income of $1.29 billion, with management guiding for continued margin expansion into 2026.
Gorin described Andersen as the right financial executive to step into the CFO role at this stage of the company’s journey, citing his financial acumen, strategic mindset and deep understanding of technology-driven businesses as critical assets as the group continues to innovate and deliver sustainable long-term growth.
For Andersen, the move marks a return to Seattle, where Expedia Group is headquartered – and to a business he characterises as well positioned to shape the future of travel. His mandate is clear: partner with the leadership team to advance the company’s growth strategy, expand margins and deliver long-term value for shareholders, partners and travellers worldwide. With a career spanning social media, streaming, ecommerce and digital media at scale, he arrives at Expedia Group with a breadth of experience precisely suited to that brief.
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.
