Booking Holdings (BKNG) announced that Peer Bueller has been appointed CEO of its subsidiary KAYAK, replacing co-founder Steve Hafner. Hafner will transition to the role of Executive Chair, focusing on AI initiatives.
- The stock closed down 9.32% at $4644.64, reflecting broader market decline and tech sector pressure, as no company-specific news explained the sharp drop.
- Bueller had previously held the roles of CFO (since 2016) and COO (since 2021) at KAYAK.
- Shares recovered slightly in after-hours trading, rising 0.57% to $4671.04.