RNS Number : 9343C
Thomas Cook Group PLC
09 May 2012
9 May 2012
Thomas Cook Group Plc
Michael Healy appointed as Group CFO to succeed Paul Hollingworth
Thomas Cook Group plc announces today that following the successful completion of longer term financing, Paul Hollingworth has decided to step down from the Board and his role as Group CFO at the end of June 2012. Paul will be replaced by Michael Healy, who will become Group CFO and join the Board on 1 July 2012. Michael will join the Group on 14 May 2012 to ensure an orderly handover.
Michael Healy was formerly Group Finance Director of Kwik-Fit and played a key role in implementing a business development plan to reduce the risk in a highly levered business. Prior to joining Kwik-Fit, Michael was Finance Director and Chief Operating Officer of the Hong Kong listed First Pacific Company Limited and subsequently was the Finance Director of ebookers Plc. Michael is a member of the Institute of Chartered Accountants of Scotland.
Frank Meysman, Chairman said:
"The Board is immensely grateful to Paul for the benefit of his experience and commitment and we are disappointed to be losing him. He has worked tirelessly to bring stability to the Group, enabling us to secure longer term bank facilities and provide a stable platform from which to build. He leaves with our very best wishes for the future.
"I am delighted that I am able to announce such a strong successor in Michael Healy. Michael is a highly successful executive with the ecommerce, restructuring and extensive public company experience we need to take the Group forward. The Board has every confidence in his ability to provide the Group with strong financial leadership going forward."
Thomas Cook Group plc +44 (0) 20 7557 6413
Finsbury +44 (0) 20 7251 3801
The above disclosures are made pursuant to paragraph 9.6.13R of the Listing Rules. There are no other disclosures to be made pursuant to paragraph 9.6.13R (1) - (6) of the Listing Rules.
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