|
The
investigation determined that Huston had acted contrary to the
company's code of conduct and had engaged in activities
inconsistent with the board's expectations for executive
conduct, Priceline said.
The company said that Huston, who has been the company's CEO
since January 2014, has acknowledged his misconduct and
expressed regret.
"I am satisfied with the Board's thorough review of this issue,"
James Guyette, lead independent director, said in a statement.
The online travel agency operator appointed former CEO and
current chairman, Jeffery Boyd, as interim CEO while the board
conducts a search to name a successor.
Huston will also step down as CEO of Booking.com, a unit of
Priceline. He will be replaced by Booking.com Chief Operating
Officer Gillian Tans.
(Reporting by Sweta Singh in Bengaluru; Editing by Savio D'Souza)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
