Expedia Hires New CFO as Strong Results Make Sudden Change Stand Out

Expedia Group has named Derek Andersen as its new chief financial officer, replacing Scott Schenkel after a relatively short time in the role.

Andersen, most recently CFO at Snap, Snapchat owner, will start on May 11. Schenkel will stay through Expedia’s next earnings call and then leave the company.

Expedia said Schenkel’s departure was not caused by any disagreement over the company’s financial reporting or operations. Still, a sudden CFO change usually gets attention.

Andersen will be the third CFO since Ariane Gorin became CEO in May 2024. Before Schenkel, Julie Whalen left the role in early 2025.

Expedia has been performing well, which makes the move more notable

Expedia has not appeared to be under obvious financial pressure. The company has recently reported strong booking trends, revenue growth, and improving margins. Its stock has also risen sharply since Gorin became CEO.

Andersen’s background may point to Expedia’s next focus

Andersen’s experience helps explain the appointment. He comes from Snap, where he was a chief financial officer and previously worked in finance roles at Amazon.

Under Gorin, the company has been focusing on growth, efficiency, and margin improvement.

Expedia has been reshaping the business for faster growth

This finance change also fits into Expedia’s broader effort to simplify operations and sharpen execution. Earlier, Expedia had been resetting parts of its business to improve margins, move faster, and support its next phase of AI and marketplace growth.

Photo by Ishan @seefromthesky on Unsplash