Mark Okerstrom
Mark Okerstrom | |
|---|---|
| Born | 1972/1973 Vancouver, British Columbia, Canada |
| Occupation(s) | Attorney, business executive |
| Years active | 1998–present |
| Known for | CEO of Expedia Group (2017–2019), President and COO of Convoy (2020–) |
Mark Okerstrom (born 1972/1973) is a Canadian attorney and executive specializing in technology within the hospitality industry. He held the positions of president and CEO at Expedia Group until his departure on December 4, 2019, which followed strategic conflicts with Barry Diller and the Expedia board. Afterward, Okerstrom took on the roles of president and COO at Convoy until the company halted its main operations and was acquired by Flexport.
Early life and education
Born in Vancouver, British Columbia, Okerstrom is the son of two educators.
He obtained a liberal arts certificate from Simon Fraser University in 1995, completed a Juris Doctor degree at the University of British Columbia in 1998, and earned an MBA from Harvard Business School in 2004.
Career
At the start of his professional journey, Okerstrom worked as an associate at law firms Fasken Martineau and Freshfields Bruckhaus Deringer between 1998 and 2002. In 2003, he joined the investment bank UBS in London serving as an associate. From 2004 to 2006, he was employed as a consultant at Bain & Company, operating out of both Boston and San Francisco, with a focus on mergers and acquisitions.
Okerstrom became part of Expedia Inc. in 2006, initially leading corporate development and strategy. He advanced to Expedia's chief financial officer in 2011 and subsequently served as executive vice president of operations. His contributions included spearheading Expedia's investment in Trivago and managing acquisitions such as Travelocity and Wotif.
In August 2017, he replaced Dara Khosrowshahi as CEO of Expedia and joined its board of directors. During his tenure, the company rebranded to Expedia Group in 2018 to highlight its expanded range of businesses. The New York Times ranked him 23rd among the highest-paid CEOs at companies generating over $1 billion in revenue for 2017.
Okerstrom stepped down from his CEO role on December 4, 2019, alongside CFO Alan Pickerill, due to disagreements over strategic direction with the board. On August 27, 2020, he assumed the positions of President and COO at Seattle-based digital freight startup Convoy.
Personal life
Okerstrom is married and has two daughters.