TripAdvisor Appoints Cimpress Executive Teunissen as CFO
TripAdvisor Inc. TRIP recently named Ernst Teunissen as the new Chief Financial Officer (CFO) replacing Julie Bradley. He will take office on Nov 9.
Teunissen is currently the CFO and an executive vice president at Cimpress N.V. (CMPR), where he has been working since May 2009. He will look after TripAdvisor’s global finance operations including accounting, investor relations, tax, corporate development and real estate.
In his illustrious career, Teunissen has served in numerous financial capacities in well-known organizations, including Manifold Partners and ThreeStone Ventures Limited. He has also been a consultant at Monitor Company, a global strategy consulting firm, in Europe and Asia.
Teunissen’s vast experience is expected to help TripAdvisor achieve its targets.
The online travel research company has built a strong portfolio through acquisitions and product introductions. This, in turn, has increased page views per visitor since users now spend more time on its website.
Such investments are surely expected to add to TripAdvisor’s top line which is being hurt by unfavorable currency translations, higher sales and marketing costs as well as advertising expenses. However, over the long run, the company is well positioned to grow given its expanding user base, improving margins and increasing monetization of social and mobile platforms.
Stocks to Consider
Currently, TripAdvisor has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are JD.com, Inc. JD, Priceline Group Inc. PCLN and Expedia Inc. EXPE. While JD.com sports a Zacks Rank #1 (Strong Buy), Priceline and Expedia carry a Zacks Rank #2 (Buy).
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