Priceline Group Inc. tapped Glenn Fogel to serve as CEO of the company, effective Jan. 1, 2017.

Fogel, who joined the company 16 years ago, most recently served as the company's head of strategy and planning and executive vice president of corporate development. Before joining Priceline Group, Fogel worked in investment banking and asset management at various firms.

Non-executive Chairman Jeff Boyd, who was named interim CEO following the departure of Darren Huston, will assume the role of executive chairman of the board, according to a Dec. 15 press release. The corporate development team that previously reported to Fogel will now report to CFO Dan Finnegan.