Directorate Change (0970X)
30 Novembre 2010 - 4:18PM
UK Regulatory
TIDMTT.
RNS Number : 0970X
TUI Travel PLC
30 November 2010
30 November 2010
TUI TRAVEL PLC
("TUI Travel")
BOARD APPOINTMENT
The Board of TUI Travel PLC is pleased to announce that William
Waggott (47) will be appointed Chief Financial Officer ("CFO") of
the Group with immediate effect. Will is currently a TUI Travel PLC
Board member and the Group's Commercial Director. He succeeds Paul
Bowtell who leaves the Board and the Group on 31 December 2010.
Will qualified as a Chartered Accountant (ACA) with Coopers
& Lybrand prior to moving to Courtaulds Textiles plc. He
entered the leisure travel industry when he joined Airtours plc and
held a number of positions including UK Leisure Group Finance
Director. In 2001 Will joined Thomson Travel Group and was
appointed Chief Financial Officer of TUI AG's Tourism businesses
("TUI Tourism") in 2006. Following the merger of TUI Tourism and
First Choice Holidays PLC, Will was appointed Commercial Director
of TUI Travel PLC.
Commenting on Will's appointment, Peter Long, Chief Executive
said:
"In Will, we already have a member of the executive team who not
only has a deep understanding of tour operating but has the
suitable experience and expertise to take us through our next phase
of growth. In his role as Commercial Director, he has been
instrumental in delivering some of the Group's key successes,
including the merger integration and Canadian strategic venture. He
has already established effective relationships across the finance
functions that he will now control. I look forward to working
closely with him in his new role."
Commenting on his appointment as Chief Financial Officer, Will
Waggott said:
"The Group has achieved much since the merger in 2007 and with
over 15 years in the leisure travel industry I am very pleased that
I will have the opportunity to play a significant role in creating
further value for all shareholders going forward."
Enquiries:
Analysts and Investors
Paul Rushton, Head of Investor Relations Tel: 01293 645 795
Press:
Lesley Allan, Corporate Communications Tel: 01293 645 774
Director
Michelle Jeffery, Corporate Communications Tel: 01293 645 776
Manager
Michael Sandler / Kate Hough (Hudson Sandler) Tel: 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
END
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