The CEO of Priceline Group, Darren Huston, abruptly resigned last month because of a workplace romance issue revealed from an investigation overseen by independent members of the Board of Directors of the facts and circumstances surrounding a personal relationship that Mr. Huston had with an employee of Priceline who was not under his direct supervision. The Priceline Board investigation determined that Mr. 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. When confronted with the allegations, Mr. Huston acknowledged misconduct and expressed regret. Priceline includes the travel and booking sites Kayak, Priceline, Booking.com, and OpenTable. Mr. Huston had been CEO since 2014 after serving as the CEO of Booking.com since 2011. He previously worked for Microsoft as CEO of Microsoft Japan. Under Huston’s tenure as CEO, Priceline’s revenue increased from $4.3 billion in 2011 to $6.5 billion in 2015 and Priceline stock tripled going from around $440 a share at the start of 2011 to around $1350 a share in April 2016. Mr. Huston was replaced on an interim basis by Jeffrey Boyd, who served as CEO of Priceline from 2002 to 2013, until a new CEO is found.

Source:  http://www.aol.com/article/2016/04/28/pricelines-ceo-is-resigning-because-of-a-personal-relationship/21352520/