Australia’s Flight Centre Travel Group has a few issues with airlines at the moment.
25.08.2023 - 13:58 / skift.com / Matthew Parsons / New Ceo
The UK’s On the Beach Group has now said chief financial officer Shaun Morton will take up his new position as CEO on June 30.
The confirmation follows the London Stock Exchange-listed company’s completion of its search for a new finance chief to replace him. Now Jon Wormald will be taking the role, the company announced on Friday.
On the Beach announced in December Simon Cooper was to step down, without specifying why.
Wormald joins On the Beach from e-commerce retailer THG, formerly The Hut Group. He also previously worked at the Co-operative Group Limited.
“Jon’s senior financial and operational roles will be invaluable to us at On the Beach as we continue to strengthen the brand and bring our leading customer proposition to a broader audience of beach holiday makers,” Morton said.
Cooper will move to a “founder director” role at the beach holiday specialist. Its Nomination Committee is also looking for an additional independent non-executive director.
“Once this position is filled, the board composition will remain in line with the requirements of the UK Corporate Governance Code,” the company said.
On the Beach is one of the UK’s largest online beach holidays retailers, and aims to become Europe’s leading beach holiday retailer.
Australia’s Flight Centre Travel Group has a few issues with airlines at the moment.
Agency consortium GlobalStar Travel Management is expanding in Europe, after boosting its presence across North America and Asia.
Travel prices across Europe have started to decline, following months of continuous hikes in air fares and hotel rates. However, they’re expected to remain highly volatile for several years as the market undergoes a correction.
TUI’s remote work policy, launched during the pandemic, is set to evolve as the travel giant looks to offer its staff free stays across its hotel and resort network.
China’s Trip.com has struck two new partnerships, covering the UK and Asia Pacific, to give customers the opportunity to delay or spread out payments for their purchases.
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