Thomas Cook Group chief financial officer Michael Healy is to retire from the company in the new year.
He is to be succeeded by financial reporting director Bill Scott, a former financial controller at automotive parts repair service Kwik-Fit.
Scott will assume the role on January 1 when Healy stands down.
Healy, who joined the business in 2012, will leave the company on March 31 at the end of a six-month notice period.
He will continue to oversee two of the key areas of future growth for the group in the roles of deputy chairman of Thomas Cook China and chairman of nee financial services division Thomas Cook Money.
Thomas Cook chairman Frank Meysman said: “Michael will leave Thomas Cook a much stronger and more resilient business than the one he joined five years ago.
“I would like to thank Michael for the very significant contribution he has made to the financial health of the group and I am pleased that he has agreed to continue his involvement in the business through non-executive leadership roles in Thomas Cook China and Thomas Cook Money, both exciting areas of growth.
“I look forward to welcoming Bill to the board in the new year to support us through the next phase of the group’s development.”
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