The Board of Directors of priceline.com today announced the promotion of Jeffery H. Boyd, 46, to President and Chief Executive Officer of the Name Your Own Price(SM) Internet travel company.
Mr. Boyd was priceline.com`s President and had shared the Company`s CEO responsibilities with Chairman Richard S. Braddock. Mr. Braddock, 60, will continue as priceline.com`s non-executive Chairman. Mr. Boyd`s promotion is effective today.
“Rick and I have worked closely together over the last two years as priceline.com has navigated significant industry challenges,” said Mr. Boyd, “and priceline.com will benefit from his counsel going forward.”
“Jeff and his management team have proven themselves to be capable leaders as priceline.com moves to expand its travel business and broaden its customer appeal,” said Mr. Braddock. “It is now appropriate to unify the CEO position at priceline.com.”
Mr. Boyd joined priceline.com in January 2000 and has served in several senior management positions, including Executive Vice President and General Counsel, and Chief Operating Officer. Before joining priceline.com, Mr. Boyd was Executive Vice President and General Counsel for Oxford Health Plans.
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