MyTravel chief executive Peter McHugh and Thomas Cook AG chief executive Manny Fontenla-Novoa have been appointed as joint chief executive officers in Thomas Cook Group’s new management structure.
But Fontenla-Novoa will assume sole leadership when McHugh leaves the group at the end of the year.
The pair, who will take on their new roles once the merger of Thomas Cook and MyTravel has completed on 19 June 2007, will be joined by Ludger Heuberg as chief financial officer, John Bloodworth as CEO, UK and Ireland, and James Jennings as group mergers and acquisitions director.
McHugh said: “Preparations are well advanced for the integration of the two companies. In order to ensure success in this period of change it is essential that the new management team is in place from the outset. We have appointed a team that represents the best talent of the combined group.”
The new company will have five divisions – UK and Ireland, German Airlines, North America, Northern Europe, and Continental Europe, each with its own CFO, with Juergen Bueser the CFO for UK and Ireland.
Other appointments include Peter Fankhauser as CEO, Continental Europe; Michael Friisdahl as CEO, North America; Sam Weihagen as CEO, Northern Europe; Ralf Teckentrup as CEO, German Airlines; and Clive Adkin as group human resources director.