On February 16, 2023, the Board of Expedia Group, Inc. expanded in size from 11 to 12 members and appointed M. Moina Banerjee as Chair of the Company’s Audit Committee. Ms. Banerjee has extensive experience in real estate investment trusts and the financial markets.
Banjeree meets all qualifications for the positions she was elected to fill, including being an independent director and Audit Committee Financial Expert as defined by Regulation S-K. Her compensation is consistent with standard practices for the Board disclosed in their 2022 Annual Meeting Proxy Statement. Nasdaq notified the Company that they were in compliance with Rule 5605(c)(2).
Contact Expedia Group Board of Directors
Corporate Secretary
Expedia Group
1111 Expedia Group Way West
Seattle WA 98119
Moina Banjeree Joins Expedia as Board Member — the Story Behind Her Success
Introduction
Moina Banjeree is an accomplished finance executive and board member of Expedia Group, Inc. In this article, we explore the story behind her success—from her upbringing in England, Washington DC, and India, to her career moves at Citibank, Blackstone, and JBG Smith, to finally joining Expedia as a board member.
Early Life
Banjeree was born in England after her parents moved from India in the 1970s. Her father, a Rhodes Scholar at Oxford, and her mother had a profound effect on her life with strong female role models, including her grandmother. Banjeree’s mother and maternal grandmother were major influences in her life. Her grandmother was part of an oral history project that memorialized the evolution of India since its independence, while her mother went back to get her MBA while Moina was just five years old. Banjeree’s aunt was a top executive at Leo Burnett in India.
Education and Investment Banking
Banjeree attended St. Andrews School and Georgetown University where she studied International Economics. After interviewing at Bank of America for an investment banking internship in New York, Banjeree fell in love with the city and the investment banking world. She worked 70-80 hour work weeks as an analyst in investment bank work, learning all about the real estate industry and developing an interest in REITs and macroeconomics. She was then accepted into Wharton for her MBA, where she studied finance and microfinance, interning in India to gain experience in the industry.
Blackstone and JBG Smith
Banjeree then returned to the world of real estate and joined Blackstone where she worked with some of the brightest minds in the industry and gained exposure to a range of asset classes. After two years, she was presented with an opportunity to join JBG Smith where she was mentored by Leslie Ludwig and was accepted as a woman businesswoman.
She gained experience in dealing with investors, working with asset and property management fees, leveraging her capital markets knowledge to evaluate debt and equity investments, and connecting with partners such as Vornado for the merger.
She was then instrumental in the pursuit of Amazon’s HQ2, and was part of the executive team at JBG working on capital recycling, portfolio management, accounting, tax, IT, and investor relations initiatives.
Advice for Other Professionals
Banjeree reflects that it is important to be authentic when considering joining a company, to understand the culture and if the company will appreciate who you are as a person. Her advice to her 25-year-old self was to accept that things don’t always go according to plan, and to be open to opportunities that may open doors to places she couldn’t imagine.
Finally, her advice to others in the industry is to be mentally tough and resilient, and to consider Charles Swindoll’s quote: “Attitude is more important than the facts.”
The story of Moina Banjeree’s success is one of hard work, resilience, and authenticity. From her childhood upbringing to her educational endeavors to her successful career path at Citibank, Blackstone, and JBG Smith, Banjeree has achieved great milestones in her professional life and is now a board member at Expedia Group, Inc.
Her story serves as an inspiration to many, illustrating that with a strong attitude and willingness to put in the work, success can be achieved.
Fun Facts about M Moina Banjeree
Moina is most notable for being “Savvy and Kind”.
Moina Banjeree’s younger brother Arup is the CEO and Co founder of Windfall Data. Windfall is trusted by over 800 companies to manage and interpret data. Windfall is a people intelligence and AI company that provides actionable insights to go-to-market teams to help organizations intelligently prioritize their resources and drive greater business outcomes.
The company uses best-in-class machine learning and propensity modeling to democratize access to people data, allowing their clients to gain valuable insights and make informed decisions.
Follow Arup @Windfall
Huge congratulations to my sister, Moina Banerjee, who will become the CFO of $JBGS on 1/1/21.
— Arup Banerjee (@ArupBanerjee07) December 17, 2020
Well done, you have a proud little brother cheering from the stands (as always!).https://t.co/BEYWk60pv9
Expedia Group Asset Figures Q4 2022
Expedia Group, a leading global travel company, has released its current asset figures for the third quarter of 2020. Cash and cash equivalents total $4,096 million, with restricted cash and cash equivalents at $1,755 million and short-term investments at $48 million. Accounts receivable are at $2,078 million, with an allowance of $40 million and $65 million for income taxes receivable.
Other current assets include prepaid expenses at $774 million, making the total current assets stand at $8,791 million. Property and equipment, net, is reported at $2,210 million and operating lease right-of-use assets at $363 million. Long-term investments and other assets are at $1,184 million and deferred income taxes at $661 million.
Intangible assets, net and goodwill are reported at $1,209 million and $7,143 million, respectively, bringing the total assets to $21,561 million. In terms of operating lease liabilities, Expedia Group reported a total of $10,869 million while $1,409 million was attributed to debt obligations and $234 million to deferred income taxes.
Operating income is recorded at $2,283 million with gross profit of $1,445 million, resulting in a total of $3,728 million in net income for the quarter. The total assets are reported at $21,561 million. These figures represent a slight increase from the previous quarter when total assets were recorded at $21,548 million. With its impressive balance sheets, Expedia Group continues to be a leader in the global travel industry and is well-positioned for continued success.
Expedia Group Liabilities Q4 2022
Expedia Group has released its liabilities and stockholders’ equity figures for the third quarter of 2020. Current liabilities total $10,778 million, including accounts payable, merchant of $1,709 million; accounts payable, other at $947 million; deferred merchant bookings of $7,151 million; deferred revenue of $163 million; income taxes payable of $21 million; and accrued expenses and other current liabilities of $787 million. Long-term debt stands at $6,240 million, with deferred income taxes at $52 million, operating lease liabilities at $312 million, and other long-term liabilities of $451 million.
In terms of stockholders’ equity, common stock and class B common stock are both valued at $.0001 par value, with authorized shares of 1,600,000 and 400,000 respectively.
Retained earnings (deficit) and accumulated other comprehensive income (loss) are reported at $1,445 million and $3,728 million respectively, making the total Expedia Group, Inc. stockholders’ equity stand at $14,795 million.
Non-redeemable non-controlling interests total up to $10,869 million, making the total stockholders’ equity add up to $21,561 million, which is slightly higher than the reported figures from the previous quarter ($21,548 million).
Expedia Group continues to be a leading global travel company with its impressive balance sheet, and is well-positioned for continued success.