HomeAway Appoints Vice President and Managing Director of Europe, Middle East and Africa Operations and Vice President of Asia-Pacific Operations
HomeAway, Inc. (NASDAQ: AWAY), the world’s leading online marketplace for vacation rentals, today announced the appointment of two key leadership positions on its team. Marcello Mastioni has been promoted to vice president and managing director of Europe, Middle East and Africa (EMEA) operations, and Dan Lynn will serve as vice president of Asia-Pacific (APAC) and lead HomeAway® teams in Australia, New Zealand, Singapore and Thailand.
HomeAway has more than 625 employees in nine countries throughout EMEA and APAC, and the regions are where approximately half of the company’s vacation rental inventory is located.
"EMEA is a significant portion of HomeAway’s business, and APAC is critical to HomeAway’s future growth," says Brian Sharples, co-founder and CEO of HomeAway. "Dan and Marcello have important roles and will provide meaningful leadership for their respective teams.”
Both Lynn and Mastioni previously worked for many years at Expedia, where they held key roles as the vice president of APAC and director of strategy and business development, respectively.
Mastioni will guide HomeAway’s European business, which operates some of the industry’s oldest brands, such as Abritel.fr, FeWo-direkt.de and OwnersDirect.co.uk, and accounted for 36.5% of total revenue in 2013. His team of more than 525 employees is nearly one-third of HomeAway’s workforce.
Mastioni has been with the company for nearly two years and was promoted from his position as senior director of HomeAway’s EMEA operations. Before his three-year tenure with Expedia, Mastioni served as the head of retail and consumer good industries for the World Economic Forum and as head of operations for General Electric’s Digital Energy UPS business.
Lynn will oversee Stayz.com.au and HomeAway.com.au in Australia; Bookabach.co.nz in New Zealand, and the Asia-Pacific short-term rental site, travelmob.com. HomeAway is also a minority shareholder in China-based Tujia.com.
Lynn joins HomeAway from Groupon where he held the role as vice president of APAC Tigers. Prior to Groupon, he spent eight years at Expedia in a variety of roles including chief executive officer of AirAsiaExpedia and vice president and managing director of APAC.
Cautionary Statement Regarding Forward-looking Statements
This press release contains “forward-looking” statements, subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which are based on HomeAway management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning HomeAway’s expected, possible or assumed future results of operations, growth and business outlook; roll-out of new products and services; and potential future acquisitions.
Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “will,” “to create,” “continues,” “plans,” “believes,” “expects,” “anticipates,” “could,” “look forward to,” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause HomeAway’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to the effective integration of Mr. Dima into HomeAway and such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), including HomeAway’s most recent 10-Q, filed on April 30, 2014. All information provided in this press release is as of the date hereof and, except as required by law, HomeAway assumes no obligation to update this information, even if new information becomes available in the future.
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