Wheels Up is again turning to Delta Air Lines for C-suite leadership. After appointing the Atlanta-based airline’s CFO Dan Janki as Chairman last month, the New York-based private jet flight provider is tapping Delta Board Member George Mattson as CEO.
Lastminute.com Hits 'Restart' Button With New CEO
25.08.2023 - 14:28 / skift.com / Dennis Schaal / With New / New Ceo
Rocked by a Covid relief financial scandal that led to the jailing and resignations of now-former CEO Fabio Cannavale and chief operating officer Andrea Bertoli, Amsterdam-based Lastminute.com’s shareholders elected Luca Concone as an executive director, and he’ll serve as CEO.
The company announced Thursday that it won’t file an appeal, and will repay the Swiss government some 29 million euros (around $30.8 million), which authorities previously demanded, although the announcement didn’t cite a specific figure.
The financial scandal dates to mid-July when Swiss authorities began investigating whether Lastminute.com executives mishandled governmental Covid relief funds.
In November, the Swiss government told Lastminute.com that it must repay 29 million euros. “The company had already added a conservative provision of EUR 34 million (about $36 million) into its Q3 2022 results,” Lastminute.com said.
Cannavale and Bertoli, both of whom have been released from jail, served as executive directors on the board. Four other board members resigned before the vote this week.
Lastminute.com is conducting a search for a chief operating officer, who would likewise serve as an executive director, and run the package holiday and metasearch company’s global operations. So there would be two executive directors.
CEO Concone, who in 2006 became the chief financial officer of Milan, Italy, intends to focus on compliance issues in the wake of the financial scandal.
When Lastminute.com announced its slate of nominees for board positions in November, then-chairman Laurent Foata said: “With the proposal of the new board members with a strong background, and the reinforcement of the management team, the board believes to have taken the appropriate steps to allow to the Company a restart with a new governance in the best interest of the company and of its stakeholders.”
The vote on board slots took place Wednesday.
Laura Amoretti, who had been serving as interim CEO before Concone’s ascension to the post this week, stays on as interim chief operating officer. She’s a candidate to be a top executive board member with the chief operating officer title, the company said.
Among the slate of board nominees who were elected this week was Cyril Ranque as an independent, non-executive director. Ranque previously served for many years as president of Expedia’s travel partners group.
New CEO Luca Concone stated as part of the board vote announcement: “Lastminute.com is a great company with international appeal. Today, Lastminute.com is the European travel tech leader in dynamic holiday packages and has been at the forefront of online travel for nearly 25 years. We have great fundamentals, and nothing prevents us from being even more
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
13.09.2023 / 14:19
Marriott Continues Saudi Arabia Development with New AlUla Hotel Marriott Continues Giga-Project Development with New AlUla Hotel
Marriott continues to be a go-to choice for Saudi Arabia when it comes to operators for hotels within the giga-project portfolio. The U.S. hotel giant will be involved in every government-backed tourism project – the latest is an AlUla hotel.
skift.com
12.09.2023 / 07:29
Skift Global Forum: Opening Night With Hilton CEO Christopher Nassetta
The much-anticipated opening reception for Skift Global Forum, presented by Turkish Airlines, is just around the corner, and the excitement is palpable. On September 26, from 6 to 8 P.M., industry leaders, innovators, and enthusiasts will gather at the North Javits Center for an evening of networking, knowledge-sharing, and inspiration while enjoying delicious drinks and hors d’oeuvres.
skift.com
01.09.2023 / 15:25
European Commission Will Block Booking's Acquisition of eTraveli
The European Commission is set to block Booking Holdings’ $1.8 billion deal to acquire Sweden’s eTraveli Group, a critically important transaction that’s been in limbo for nearly two years.
thepointsguy.com
28.08.2023 / 23:01
DOT hits American Airlines with largest-ever $4.1 million fine for tarmac delays
Delays are an unpleasant but inevitable part of air travel, but delays on the tarmac after boarding the airplane can be especially frustrating — and potentially dangerous.
skift.com
25.08.2023 / 14:45
Oyo Hits Reorg Button: Lays Off 600 Employees Across Tech and Product
Oyo, in preparation for its upcoming IPO in 2023, is doing a major reorg of its organizational structure and cost base. It has announced it is letting go of 600 employees out of a total of about 3700, mostly in its product and tech teams. From the company:
skift.com
25.08.2023 / 14:43
Accor Names New CEO for Raffles and Orient Express Hotel Brands
Accor, the Paris-based hotel giant, said on Tuesday that Omer Acar will head its brands Raffles & Orient Express as of March 1. Acar will join Accor’s other brand CEOs in its luxury and lifestyle group (Fairmont, Sofitel & MGallery, and Ennismore) — all of whom report directly to group CEO Sébastian Bazin.
skift.com
25.08.2023 / 14:42
Iceland Targets Space Tourists With New Campaign
Visit Iceland launched a new campaign to attract space tourists on Tuesday. Called “Mission Iceland,” the campaign kicked off on November 16 with the launch of a billboard into space with the message: “Iceland. Better than Space.”
skift.com
25.08.2023 / 14:40
Cathay Pacific Appoints Customer Chief Ronald Lam as New CEO
Cathay Pacific announced on Wednesday that CEO Augustus Tan would be stepping down on December 31 andchief customer and commercial officer,Ronald Lam would succeed him.
skift.com
25.08.2023 / 14:32
Marriott and Other Hotel Brands Start 2023 With New Tech Partnerships
Several big-name hotel companies have entered 2023 with tech partnerships to modernize operations and services.
skift.com
25.08.2023 / 14:27
Booking CEO Fogel on Why Making No Deal Is Better Than the Wrong Acquisition
Whether it is out of ego or for personal financial incentives, companies sometimes do mergers and acquisitions for the wrong reasons, and many academic studies show that takeover deals generally turn out to be “losers.”
skift.com
25.08.2023 / 14:23
Airbnb Combats Child Trafficking With Expanded Law Enforcement Portal
Airbnb expanded its law enforcement portal to nine languages as part of the platform’s efforts to fight child exploitation, the company said.