Tripadvisor, Inc. (NASDAQ: TRIP) Sudden Changes in Higher Management Confuse Active Investors

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Tripadvisor, Inc. (NASDAQ: TRIP) drops down 2.44% in pre-market session on Thursday after Ernst Teunissen, Chief Financial Officer, would step down to pursue other interests, and that Mike Noonan will join the business as Chief Financial Officer and Senior Vice President, starting October 31, 2022. Teunissen will be actively involved in important financial and strategy projects, as well as supporting a seamless CFO transfer, until the first quarter of 2023.

Matt Goldberg, Tripadvisor’s CEO said, “I’d want to thank Ernst, especially on behalf of our Board of Directors, for his many significant contributions over the past seven years, and personally for the advises he’s offered through my own onboarding. His counsel, particularly during the difficult pandemic time, was critical to our robust financial situation. Furthermore, his leadership of Viator, TheFork, and Cruise Critic has resulted in significant revenue growth for these important firms emerging from the epidemic.”

Goldberg continued that he is also pleased to announce that Mike Noonan has joined the team as their new Chief Financial Officer. He brings a diverse set of experiences across consumer brands and digital business models, as well as a strategic perspective grounded in a thorough understanding of the travel industry, as well as a broad and tenured background in corporate finance, long-term financial planning, and capital markets. They look forward to his guidance and insights as they address the numerous possibilities to assist their customers and partners across the travel ecosystem. They welcome him to the Tripadvisor family on behalf of all their workers.

Noonan brings over 30 years of expertise in corporate finance and financial markets to Tripadvisor. He’ll be joining the firm from Noom, Inc., a consumer-focused digital health startup where he’s been CFO since October 2020. Prior to joining Noom, Noonan was Senior Vice President of Finance at Booking Holdings, Inc., where he was in charge of several corporate finance functions, including financial planning and capital budgeting, as well as investor relations. Prior to joining Booking Holdings, Inc., Noonan had positions in capital markets at RBC Capital Markets, NYSE Euronext, J.P. Morgan, and Bear Stearns & Co. He graduated from Davidson College with a B.A. in History and Duke University with an M.B.A. Noonan will be in charge of the company’s worldwide finance and associated operations.